FTX will initiate payments beginning on February 18, 2025, focusing on claims under 50,000 USD. This step indicates a recovery effort for creditors in the Bahamas, with other international creditors receiving funds later.
Creditors will benefit from 9% annual interest on their claims concerning lost crypto assets dating back to November 11, 2022. This development marks a significant stride toward restoring confidence in the cryptocurrency market.
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