#FTXrepayment Next week, on February 18, FTX will begin returning funds to investors affected by the collapse of the platform.

FTX to Start Refunding Creditors

According to an email received by FTX creditors, the distribution of compensation will begin on February 18. It will initially be limited to $50,000 per claim.

All payouts in this category will be processed through the BitGo cryptocurrency platform.

“The Official Liquidators of FTX are pleased to inform you that you have completed all necessary steps to receive payment of your Convenience Class claim and that payment will be made to your designated account,” the statement read.

However, the first payments will only be made to FTX creditors involved in the lawsuit in the Bahamas, where the company is registered