FTX Will Repay Investors in January 2025

FTX Exchange is set to begin repaying investors who suffered losses from the collapse two years ago, starting from January 3, 2025.

Ftx Will Repay Investors In January 2025

FTX, the exchange that shook the market with its collapse over two years ago, has just announced plans to return funds to customers and creditors in early 2025.

FTX Will Repay Investors in January 2025
FTX Will Repay Investors in January 2025

The first round of repayments will begin within 60 days from January 3, 2025, two months earlier than initially planned. FTX has partnered with two industry giants, Kraken and BitGo, to ensure the distribution process is smooth and transparent. A third partner will be announced soon to join this process.

To qualify for compensation, FTX users must complete mandatory procedures before the plan takes effect, including identity verification (KYC), tax declaration, and account registration on Kraken or BitGo.

Notably, the first round of repayments will prioritize creditors with claims under $50,000, accounting for over 90% of all creditors. Distribution plans for the remaining creditors will be announced in due course.

The compensation value will be calculated based on the amount of crypto assets users held at the time the exchange declared bankruptcy. As of May 2024, FTX has recovered $16.3 billion in assets. However, investors remain at a disadvantage, as compensation is calculated in USD based on values at the time of FTX’s bankruptcy (November 2022) rather than current crypto prices, which have grown significantly over the past two years.

Related: FTX Sues Binance and CZ, Demanding Compensation of Up to $1.76 Billion

In response to this news, the price of FTT token surged nearly 30% to $3.18 and is currently hovering around $3.0.

FTT
FTT
(1 vote)

5.0/5

(1 vote)

Latest

Bnb Sets New All Time High After Surging 21% In A Week

News | Altcoin | Editor Choice

BNB Sets New All-Time High After Surging 21% in a Week

After surging 21% in just a week, BNB has soared to a new all-time high, capturing the spotlight as the cryptocurrency market rallies.

Crypto Whales Intensify Activity In Uptober As Market Cap Surpasses $4 Trillion

News | Altcoin | Editor Choice

Crypto Whales Intensify Activity in Uptober as Market Cap Surpasses $4 Trillion

The global cryptocurrency market kicked off “Uptober” with renewed enthusiasm as total capitalization surpassed $4 trillion, while whale activity surged — hinting at strategic moves across Bitcoin, Ethereum, and key altcoins amid growing market volatility.

Bitcoin Hits A New Ath As Profit Margins Continue To Shrink

News | Bitcoin | Editor Choice

Bitcoin Hits a New ATH as Profit Margins Continue to Shrink

Although Bitcoin (BTC) continues to set new price records after every halving, historical data shows that the world’s largest cryptocurrency is experiencing diminishing returns with each new cycle.

Cz Says He Was Threatened To Pay $4.4 Billion

News | Editor Choice | Policy & Regulations

CZ Says He Was Threatened to Pay $4.4 Billion

CZ, the founder of Binance, has shaken the crypto world by claiming he was threatened to pay $4.4 billion to avoid false accusations that his exchange financed terrorism.

Binance Hits Record Altcoin Trading Volume As Altseason Heats Up

News | Altcoin | Editor Choice

Binance Hits Record Altcoin Trading Volume as “Altseason” Heats Up

Binance has set a historic record as altcoins captured 82.3% of total trading volume, signaling a new “altseason” fueled by surging institutional inflows and investor demand for non-Bitcoin tokens.

Screenshot 2025 09 10 100533