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The second phase of FTX's repayment is expected to begin in the second quarter, with the first phase of repayment starting on February 18th

The second phase of FTX's repayment is expected to begin in the second quarter, with the first phase of repayment starting on February 18th

Bitget2025/02/14 14:25

On February 14th, Sunil, the representative of FTX creditors, disclosed that FTX has sent email notifications to customers who did not meet the requirements for the first round of asset distribution. Customers who were unable to participate in the first round of distribution on February 18th, 2025 include: customers with claims under review, customers with claim amounts exceeding $50,000 USD and those who have not completed KYC (Know Your Customer), tax and distributor-related requirements. These customers will be included in subsequent distribution plans after completing relevant requirements and it is expected to take place in the second quarter of 2025.

Previous reports stated that FTX's first phase repayment amount ranged from $6.5 billion to $7 billion USD and would begin execution on February 18th, 2025. The repayment price will be calculated based on price levels as of November 2022.

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