Creditors claiming more than $50K will start receiving reimburses in the second quarter of 2025. The company plans to distribute approximately $17 billion, with $7 billion distributed during the initial phase. Meanwhile, this represents a crucial milestone for FTX’s restructuring plans that began in January.

FTX Digital Markets, the Bahamian branch of the collapsed cryptocurrency exchange, will repay $1.2 billion to its first group of creditors on February 18, 2025. This marks an important step in the exchange’s bankruptcy process following its dramatic $9 billion collapse in 2022.