cryptocurrency exchange FTX is likely to start paying its creditors in February 2025, according to a statement from one of the platform's clients, Sunil Kavuri.
He noted that the company has until January 20 to meet all the requirements for the initial distribution. In addition, the investor pointed out that the amount of claims alone for up to $50,000 is $1,2 billion.
At the same time, he did not rule out the possibility that the start date for payments could be postponed to the beginning of March of this year.
From the investor’s document, it can be noted that the list of preparatory measures includes, among other things, the selection of a distributor and verification of compliance with the sanctions policy.
As the lender pointed out, there is no exact time frame for certain FTX clients in terms of distribution of payments. Kavuri added that payments will probably start in February, but he does not know the exact date.
Let us recall that the exchange reorganization plan was approved in January 2025. The available funds will be distributed through the BitGo and cryptocurrency trading platforms. Creak .
