FTX Launches $16 Billion Creditor Repayment Plan for Dominant Coin on February 18, 2025

In a significant development for the cryptocurrency landscape, FTX has announced a comprehensive creditor repayment plan scheduled to initiate on February 18, 2025. This $16 billion recovery effort aims to restore financial stability following the exchange’s tumultuous past. According to a report by Cointelegraph, the initial phase of repayments will be substantial, projected to range between $65 billion and $70 billion. Notably, repayments will be determined based on the market price levels from November 2022, which underscores the need for strategic financial planning amidst fluctuating crypto markets. As the industry looks towards recovery, the implications of FTX’s actions may reverberate throughout the digital asset ecosystem, highlighting the ongoing challenges and opportunities facing creditors and investors alike.