FTX Creditors To Begin Receiving Payouts From February 18
After three years of bankruptcy of FTX, its creditor will finally get payment. These expenditures will begin on February 18 and start from $ 50,000.
These early payments will only begin in the process of Bahamas. For other categories, the former FTX users will have the deadline for March 4 to obtain expenditure.
FTX began to reimburse creditors
according to e-mail They distribute among FTX creditors, and they will begin reimbursement due to asset losses. These expenditures will start at 10 am on February 18th and only apply to claims below $ 50,000.
According to this email, all the repayment in this category will be processed through the cryptocurrency platform Bitgo.
The email starts the email.
However, it is clear that these early reimbursement will only be handed over to the FTX creditors during the Bahamas. According to the creditor promoteFor other categories, former users will start paying on March 4.
Since FTX’s bankruptcy in 2022, its major obligation to creditors has seriously hit the encryption market. Since the collapse, the loss of cryptocurrencies has greatly appreciated the value. Therefore, starting from November 11, 2022, creditors will receive 9 % interest each year.
In the process, there are still several unreasonable problems, especially about FTX creditors outside the Bahamas.
However, after months of positive signals, this is the biggest specific step towards restoring investor assets. This development will help to end one of the moments of the darker crypto currency and rebuild a chapter of overall confidence.
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