{"id":36766,"date":"2025-02-18T10:30:06","date_gmt":"2025-02-18T07:30:06","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=36766"},"modified":"2025-02-18T10:18:46","modified_gmt":"2025-02-18T07:18:46","slug":"ftx-creditor-repayments-begin-here-are-the-details","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ftx-creditor-repayments-begin-here-are-the-details\/","title":{"rendered":"FTX Creditor Repayments Begin: Here are the Details"},"content":{"rendered":"<p data-end=\"562\" data-start=\"136\">The long-awaited repayment process for creditors since the collapse of FTX finally begins today. The first distribution <strong data-end=\"367\" data-start=\"269\">will<\/strong> reportedly <strong data-end=\"367\" data-start=\"269\">cover approximately $1.2 billion worth of payments for claims under $50,000<\/strong>. This will allow creditors <strong data-end=\"442\" data-start=\"414\"> to recover 119% of<\/strong> their investment. However, <strong data-end=\"546\" data-start=\"462\">some $345 million has yet to go through the KYC process<\/strong>.<\/p>\n<p data-end=\"838\" data-start=\"564\">Repayments for larger creditors are <strong data-end=\"659\" data-start=\"608\">expected to begin in the second quarter of 2025.<\/strong> In total, <strong data-end=\"753\" data-start=\"709\">more than $17 billion<\/strong> is planned <strong data-end=\"753\" data-start=\"709\">to be paid<\/strong> for claims over $50,000. Of this, $7 billion is expected to be distributed in the first phase.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/ftx-creditor-repayments-begin-here-are-the-details\/#Possible_Effects_of_Refunds_on_the_Crypto_Market\" title=\"Possible Effects of Refunds on the Crypto Market\">Possible Effects of Refunds on the Crypto Market<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/ftx-creditor-repayments-begin-here-are-the-details\/#A_Brief_Overview_of_the_FTX_Crash\" title=\"A Brief Overview of the FTX Crash\">A Brief Overview of the FTX Crash<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/ftx-creditor-repayments-begin-here-are-the-details\/#How_Will_the_Redemption_Process_Work\" title=\"How Will the Redemption Process Work?\">How Will the Redemption Process Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/ftx-creditor-repayments-begin-here-are-the-details\/#How_Will_the_Refund_Process_Affect_the_Crypto_Market\" title=\"How Will the Refund Process Affect the Crypto Market?\">How Will the Refund Process Affect the Crypto Market?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/ftx-creditor-repayments-begin-here-are-the-details\/#How_to_Claim_FTX_Refunds\" title=\"How to Claim FTX Refunds?\">How to Claim FTX Refunds?<\/a><\/li><\/ul><\/nav><\/div>\n<h3 data-end=\"903\" data-start=\"845\"><span class=\"ez-toc-section\" id=\"Possible_Effects_of_Refunds_on_the_Crypto_Market\"><\/span><strong data-end=\"901\" data-start=\"849\">Possible Effects of Refunds on the Crypto Market<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-end=\"1082\" data-start=\"904\">FTX refunds could have a significant impact on the Bitcoin and altcoin market in particular. <strong data-end=\"1068\" data-start=\"1020\">Around $800<\/strong> million is expected <strong data-end=\"1068\" data-start=\"1020\">to enter the market<\/strong> in the first payments:<\/p>\n<ul data-end=\"1389\" data-start=\"1084\">\n<li data-end=\"1230\" data-start=\"1084\"><strong data-end=\"1178\" data-start=\"1086\">$400 million is expected to go to funds buying creditor claims, which are<\/strong> unlikely to invest in crypto.<\/li>\n<li data-end=\"1389\" data-start=\"1231\"><strong data-end=\"1297\" data-start=\"1233\">Another $400 million will go to the original creditors.<\/strong> However, there is no guarantee that these investors will redirect all their money back into crypto.<\/li>\n<\/ul>\n<p data-end=\"1679\" data-start=\"1391\">Therefore, despite a significant inflow of liquidity into the market, <strong data-end=\"1518\" data-start=\"1455\">it may not trigger a sudden surge in Bitcoin and altcoins<\/strong>. Especially if a large portion of the incoming funds are converted into fiat money, the redemptions may have a neutral or slightly downward impact on prices.<\/p>\n<h3 data-end=\"1726\" data-start=\"1686\"><span class=\"ez-toc-section\" id=\"A_Brief_Overview_of_the_FTX_Crash\"><\/span><strong data-end=\"1724\" data-start=\"1690\">A Brief Overview of the FTX Crash<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-end=\"2053\" data-start=\"1727\">FTX filed for bankruptcy in November 2022 amid <strong data-end=\"1809\" data-start=\"1746\">a major liquidity crisis and accusations of financial irregularities<\/strong>. It was revealed that the company had used client assets <strong data-end=\"1943\" data-start=\"1882\">in risky investments through Alameda Research<\/strong>. This resulted in investors being unable to withdraw their funds and the FTX ecosystem quickly collapsed.<\/p>\n<p data-end=\"2276\" data-start=\"2055\">It is estimated that around <strong data-end=\"2135\" data-start=\"2087\">$8 billion of client funds were lost<\/strong> during FTX&#8217;s bankruptcy process. <strong data-end=\"2183\" data-start=\"2153\">Former CEO Sam Bankman-Fried<\/strong> and senior executives were indicted <strong data-end=\"2274\" data-start=\"2218\">for fraud and financial crimes.<\/strong><\/p>\n<h3 data-end=\"2322\" data-start=\"2283\"><span class=\"ez-toc-section\" id=\"How_Will_the_Redemption_Process_Work\"><\/span><strong data-end=\"2320\" data-start=\"2287\">How Will the Redemption Process Work?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-end=\"2559\" data-start=\"2323\">The management of the redemption process is handled by <strong data-end=\"2448\" data-start=\"2354\">official liquidators appointed by FTX Digital Markets Ltd.<\/strong> Payments <strong data-end=\"2557\" data-start=\"2490\">will be made via secure wallets integrated with BitGo.<\/strong><\/p>\n<p data-end=\"2597\" data-start=\"2561\">Creditors who wish to receive payments:<\/p>\n<ol data-end=\"2915\" data-start=\"2599\">\n<li data-end=\"2679\" data-start=\"2599\"><strong data-end=\"2639\" data-start=\"2602\">Login to the FTX Refund Portal<\/strong> and verify their accounts.<\/li>\n<li data-end=\"2752\" data-start=\"2680\">They must <strong data-end=\"2715\" data-start=\"2683\">complete KYC processes and<\/strong> verify their identity.<\/li>\n<li data-end=\"2845\" data-start=\"2753\">They are expected <strong data-end=\"2831\" data-start=\"2756\">to check and confirm the details of the payments they request<\/strong>.<\/li>\n<li data-end=\"2915\" data-start=\"2846\">They need <strong data-end=\"2902\" data-start=\"2849\">to verify the wallet addresses from which they will receive payments<\/strong>.<\/li>\n<\/ol>\n<p data-end=\"2939\" data-start=\"2917\"><strong data-end=\"2937\" data-start=\"2917\">Payment Dates:<\/strong><\/p>\n<ul data-end=\"3134\" data-start=\"2940\">\n<li data-end=\"3013\" data-start=\"2940\"><strong data-end=\"2960\" data-start=\"2942\">February 18, 2025:<\/strong> First payments for claims under $50,000.<\/li>\n<li data-end=\"3134\" data-start=\"3014\"><strong data-end=\"3035\" data-start=\"3016\">Q2 2025:<\/strong> $7 billion is planned to be paid in the first phase for claims over $50,000.<\/li>\n<\/ul>\n<h3 data-end=\"3205\" data-start=\"3141\"><span class=\"ez-toc-section\" id=\"How_Will_the_Refund_Process_Affect_the_Crypto_Market\"><\/span><strong data-end=\"3203\" data-start=\"3145\">How Will the Refund Process Affect the Crypto Market?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-end=\"3316\" data-start=\"3206\">According to crypto experts, <strong data-end=\"3314\" data-start=\"3233\">the impact of these refunds on Bitcoin and altcoins could be complex.<\/strong><\/p>\n<p data-end=\"3348\" data-start=\"3318\"><strong data-end=\"3346\" data-start=\"3320\">\u21d2 Positive Impact on Crypto:<\/strong><\/p>\n<ul data-end=\"3543\" data-start=\"3349\">\n<li data-end=\"3452\" data-start=\"3349\">Some investors who receive their refunds may redirect these funds back to Bitcoin and altcoins.<\/li>\n<li data-end=\"3543\" data-start=\"3453\">Since there will be a large liquidity inflow to the crypto market, volumes may increase.<\/li>\n<\/ul>\n<p data-end=\"3575\" data-start=\"3545\"><strong data-end=\"3573\" data-start=\"3547\">\u21d2 Negative Impact on Crypto:<\/strong><\/p>\n<ul data-end=\"3796\" data-start=\"3576\">\n<li data-end=\"3681\" data-start=\"3576\">A significant portion of the refunds could be converted into fiat money, which could create a huge selling pressure.<\/li>\n<li data-end=\"3796\" data-start=\"3682\">Bitcoin price volatility may increase, as some large investors may sell Bitcoin to take profits.<\/li>\n<\/ul>\n<p data-is-last-node=\"\" data-end=\"4035\" data-start=\"3798\">As a result, <strong data-end=\"3895\" data-start=\"3812\">FTX refunds may lead to short-term fluctuations in the crypto market.<\/strong> However, investor psychology in the market and creditors&#8217; confidence in crypto will be one of the key factors determining the direction of prices.<\/p>\n<h3 data-end=\"48\" data-start=\"0\"><span class=\"ez-toc-section\" id=\"How_to_Claim_FTX_Refunds\"><\/span><strong data-end=\"46\" data-start=\"4\">How to Claim FTX Refunds?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-end=\"172\" data-start=\"50\">FTX creditors can follow the steps below to receive their refunds starting <strong data-end=\"85\" data-start=\"68\">February 18, 2025<\/strong>:<\/p>\n<p data-end=\"216\" data-start=\"174\"><strong data-end=\"214\" data-start=\"178\">Log in to the FTX Claims Portal:<\/strong><\/p>\n<ul data-end=\"298\" data-start=\"217\">\n<li data-end=\"298\" data-start=\"217\">Go to <strong data-end=\"237\" data-start=\"219\">claims.ftx.com<\/strong> and log in with your old FTX email address.<\/li>\n<\/ul>\n<p data-end=\"337\" data-start=\"300\"><strong data-end=\"335\" data-start=\"304\">Upload Required Documents:<\/strong><\/p>\n<ul data-end=\"472\" data-start=\"338\">\n<li data-end=\"407\" data-start=\"338\">Attach documents showing your account balance and transaction history.<\/li>\n<li data-end=\"472\" data-start=\"408\">Upload passport or ID document for identity verification.<\/li>\n<\/ul>\n<p data-end=\"505\" data-start=\"474\"><strong data-end=\"503\" data-start=\"478\">Confirm Your Request:<\/strong><\/p>\n<ul data-end=\"572\" data-start=\"506\">\n<li data-end=\"572\" data-start=\"506\">After checking the amount, confirm your request and submit it.<\/li>\n<\/ul>\n<p data-end=\"602\" data-start=\"574\"><strong data-end=\"600\" data-start=\"578\">Follow the Process:<\/strong><\/p>\n<ul data-end=\"677\" data-start=\"603\">\n<li data-end=\"677\" data-start=\"603\">Check the portal weekly to track the status of your payment.<\/li>\n<\/ul>\n<p data-end=\"701\" data-start=\"679\"><strong data-end=\"699\" data-start=\"683\">Payment Method:<\/strong><\/p>\n<ul data-end=\"841\" data-start=\"702\">\n<li data-end=\"761\" data-start=\"702\">Claims under $50,000 will be paid at 119%.<\/li>\n<li data-end=\"841\" data-start=\"762\">Payments will be made <strong data-end=\"795\" data-start=\"773\">to BitGo wallets<\/strong> and can be converted to fiat or crypto.<\/li>\n<\/ul>\n<p data-is-last-node=\"\" data-end=\"915\" data-start=\"843\">It is important to follow the official announcements so as not to miss the application process.<\/p>\n<p data-is-last-node=\"\" data-end=\"915\" data-start=\"843\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The long-awaited repayment process for creditors since the collapse of FTX finally begins today. The first distribution will reportedly cover approximately $1.2 billion worth of payments for claims under $50,000. This will allow creditors to recover 119% of their investment. However, some $345 million has yet to go through the KYC process. Repayments for larger<\/p>\n","protected":false},"author":6,"featured_media":36767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[496],"class_list":["post-36766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchange-news","tag-ftx"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FTX Creditor Repayments Begin: Here are the Details - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/ftx-creditor-repayments-begin-here-are-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FTX Creditor Repayments Begin: Here are the Details - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The long-awaited repayment process for creditors since the collapse of FTX finally begins today. The first distribution will reportedly cover approximately $1.2 billion worth of payments for claims under $50,000. This will allow creditors to recover 119% of their investment. However, some $345 million has yet to go through the KYC process. Repayments for larger\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/ftx-creditor-repayments-begin-here-are-the-details\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-18T07:30:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-18T07:18:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/02\/coinbase_ce-38.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/ftx-creditor-repayments-begin-here-are-the-details\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/ftx-creditor-repayments-begin-here-are-the-details\/\",\"name\":\"FTX Creditor Repayments Begin: Here are the Details - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/ftx-creditor-repayments-begin-here-are-the-details\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/ftx-creditor-repayments-begin-here-are-the-details\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/02\/coinbase_ce-38.png\",\"datePublished\":\"2025-02-18T07:30:06+00:00\",\"dateModified\":\"2025-02-18T07:18:46+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\"},\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/ftx-creditor-repayments-begin-here-are-the-details\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/ftx-creditor-repayments-begin-here-are-the-details\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/ftx-creditor-repayments-begin-here-are-the-details\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/02\/coinbase_ce-38.png\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/02\/coinbase_ce-38.png\",\"width\":1920,\"height\":1080,\"caption\":\"FTX\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/ftx-creditor-repayments-begin-here-are-the-details\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FTX Creditor Repayments Begin: Here are the Details\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\",\"name\":\"Tanju Akb\u0131y\u0131k\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"caption\":\"Tanju Akb\u0131y\u0131k\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/cetanju\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FTX Creditor Repayments Begin: Here are the Details - Coin Engineer","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/ftx-creditor-repayments-begin-here-are-the-details\/","og_locale":"en_US","og_type":"article","og_title":"FTX Creditor Repayments Begin: Here are the Details - Coin Engineer","og_description":"The long-awaited repayment process for creditors since the collapse of FTX finally begins today. The first distribution will reportedly cover approximately $1.2 billion worth of payments for claims under $50,000. This will allow creditors to recover 119% of their investment. However, some $345 million has yet to go through the KYC process. 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