Loading...
Market
Story
FTX to Repay $16 Billion in Stablecoins to Creditors, Starting January 2025, Within 60 Days
Dec 29, 2024, 04:24 PM
FTX, the cryptocurrency exchange, is set to begin repaying $16 billion in cash to its creditors starting January 3, 2025. The repayment process, part of FTX's reorganization plan, will involve distributing the funds in stablecoins. Claims processing will commence on the specified date, with payments expected to be disbursed within 60 days. The companies BitGo and Kraken have been announced as partners to assist in the distribution of the funds back to customers.
View original story
Similar markets
100% • 25%
Less than 50% • 25%
50% to 75% • 25%
75% to 100% • 25%
$8 billion to $12 billion • 25%
Exactly $16 billion • 25%
Less than $8 billion • 25%
$12 billion to $16 billion • 25%
Other • 25%
Cryptocurrency other than stablecoins • 25%
Fiat currency • 25%
Stablecoins • 25%
Less than $6.5 billion • 25%
$6.5 billion to $7 billion • 25%
$7 billion to $7.5 billion • 25%
More than $7.5 billion • 25%
70% to 85% • 25%
Less than 70% • 25%
85% to 98% • 25%
More than 98% • 25%
Other • 25%
Cryptocurrency • 25%
Fiat currency • 25%
Combination of both • 25%
No Recovery • 25%
Ongoing Process • 25%
Full Recovery • 25%
Partial Recovery • 25%