#FTXrepayment FTX has started its repayment process, with the first batch of payments totaling $1.2 billion sent to creditors on February 18, 2025 ¹. This initial repayment is focused on creditors with claims of $50,000 or less, accounting for around 98% of the creditors eligible for refunds ².

The repayment plan includes the following key details:

- *Start Date*: Payments commenced on February 18, 2025, at 10 AM ET ².

- *Interest Rate*: Creditors will receive 100% of their claim value plus an additional 9% interest calculated from November 11, 2022, until the payment date ².

- *Distribution Partners*: Crypto custodian BitGo has been assigned to oversee the fund distributions ³.

It's worth noting that the repayment process has sparked mixed reactions among investors, with some expressing frustration over FTX's decision to anchor its distribution on prices from November 2022 ³. Additionally, the market impact of the repayments is expected to be limited, with some analysts suggesting that the redistributed funds may not have a significant effect on cryptocurrency prices ³.