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Defunct cryptocurrency exchange FTX plans to distribute claims held by "convenience class" creditors on Feb. 18.
FTX customers who deposited digital assets before the cryptocurrency exchange imploded in 2022 have waited years to get their ...
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FTX Trading Ltd. and the FTX Recovery Trust have revealed that the distribution to creditors will begin on February 18, 2025.
FTX will begin repayments on February 18, prioritizing Bahamas-based creditors with verified BitGo accounts. Settling FTX debts may stabilize affected crypto assets like FTT, SOL, and BTC.
In 2025, financial advisors could have a critical role in helping clients navigate billions in repayment from FTX.