FTX to Begin Creditor Reimbursements on February 18
A representative of FTX creditors, Sunil, has confirmed that repayments for claims under $50,000 will begin at 10:00 a.m. Eastern Time on February 18, 2025.
FTX Repayments: 18 Feb 2025
Funds available from 10am ET
FTX Claims < $50k
FTX Creditors in the Bahamas process have email confirmation that repayments will start on 18 Feb 2025
9% interest per annum from 11 Nov 2022 pic.twitter.com/FrmDN4qiK7
— Sunil (FTX Creditor Champion) (@sunil_trades) February 4, 2025
Once payments are processed, all related claims will be officially canceled, marking a positive step in the long-awaited reimbursement process.
How FTX Creditors Can Claim Their Repayments
Sunil provided details on how creditors can access their funds, stating that the repayments will be facilitated through a BitGo account and can be accessed via the FTX Digital Claim Portal.
FTX creditors participating in the Bahamas process have already received email confirmations regarding the February 18 repayment schedule.
In addition to the principal repayment, eligible creditors will receive a 9% annual interest calculated from November 11, 2022, the date FTX filed for bankruptcy.
This additional payout is intended to compensate for the prolonged delay in returning funds to creditors.
What This Repayment Means for FTX’s Bankruptcy Process
The reimbursement plan follows more than two years of legal battles, asset recovery efforts, and negotiations following FTX’s November 2022 collapse.
The exchange’s failure left thousands of creditors uncertain about their financial future, making this payout a key moment in the ongoing bankruptcy proceedings.
While this marks a positive step forward, it remains unclear how much larger creditors—those with claims exceeding $50,000—will receive, and when they will be reimbursed.
The FTX bankruptcy estate continues working toward maximizing recoveries, with further updates expected in the coming months.
The upcoming repayments could inject substantial capital into the crypto market, potentially fueling further growth.
Some industry watchers predict that Bitcoin’s value could surpass $200,000, driven by market activity surrounding FTX repayments and increased regulatory clarity in the United States.
FTX’s restructuring plan, approved in October 2024, outlines that users with claims up to $50,000 will be the first group to receive repayments.
Source: cryptonews.com
