FTX Repayments: Expert Announces Initial Distribution, First Repayment Dates

Quick Summary:

Experts revealed early February as the expected timeline for the first repayment in accordance with the Plan and Confirmation Order.

Also, the bankruptcy reorganization plan aimed to disburse repayments for small creditors first.

Beleaguered crypto exchange FTX has further revealed the schedule for $16 billion in creditor repayments.

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Article Details

Author / Journalist: Varinder Singh

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News FTX creditors FTX

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-12 @ 13:05:27 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 323 words

Reading Time: 2 minutes read

Sentences: 33 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 25080549

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 8 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 12 hours ago

Coverage Areas: India

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