#FTXrepayment FTX, the collapsed cryptocurrency exchange, has begun repaying its creditors. Starting February 18, 2025, those with claims of $50,000 or less will receive full repayment plus 9% annual interest. This "Convenience Class" represents about 98% of FTX's creditors. The repayments are being facilitated through BitGo and Kraken, and eligible creditors must complete KYC verification and tax forms. This marks a significant step in the aftermath of FTX's bankruptcy in November 2022, aiming to restore confidence and provide closure for those affected.
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