The #FTXrepayment process is now in motion, marking a critical step in compensating creditors affected by FTX’s collapse in November 2022. Under the approved plan, small creditors with claims of $50,000 or less—representing 98% of all claimants—will receive full repayments within 60 days of the plan’s activation on January 3, 2025. Larger creditors will receive distributions in phases, with the process potentially spanning up to three years. FTX has secured BitGo and Kraken to manage repayments, requiring creditors to complete KYC and tax verifications. With an estimated $16 billion in distributions, many creditors could recover 118% of their claims.