🚨FTX IS SET TO BEGIN PAYING BACK $16.5B TO CUSTOMERS IN 2025

FTX announced it will start repaying customers and creditors up to $16.5 billion early next year, following a court-approved reorganization plan.

The Timeline:

By December 2024: Distribution agents finalized, with customers setting up accounts.

January 2025: Initial payments begin, with creditors expected to recover 119–140% of claims.

This follows the exchange’s 2022 bankruptcy and convictions of its top execs, Sam Bankman-Fried, who’s serving a 25-year sentence.

Source: Crypto Potato , Coin Gabbar