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According to COINOTAG News on February 4th, FTX’s creditor representative, Sunil, announced that the liquidation process for FTX will officially commence on February 18, 2025, at 10:00 AM Eastern Time. The initial phase of the repayment will prioritize creditors with claims amounting to less than 50,000 USD. This structured repayment plan aims to distribute a comprehensive compensation package that encompasses 100% of the affirmed claim value (up to 50,000 USD), in addition to an attractive 9.0% annual interest rate calculated on the adjudicated claim value, which takes effect from November 11, 2022, until the designated distribution date. This crucial update highlights the commitment to creditor recovery amidst the ongoing restructuring efforts at FTX.
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