Degen

FTX Creditors to Receive Payments in January

Failed exchange FTX announced that it will implement a court-approved restructuring plan on January 3, 2025, and will begin the first phase of repayments to creditors within 60 days.
Under the plan, which will be implemented in partnership with exchanges BitGo and Kraken, about 98% of creditors’ claims will be paid.
Creditors can receive their funds via dollar wire or stablecoin.
The news sent the price of FTX Token (FTT) up 10%, although the token is still 96% off its all-time high in 2021.