Big news about FTX, the bankrupt cryptocurrency company! They're starting to give back money to people who lost funds. It's a long process, but it's happening in stages.
- FTX is paying back money to people who had money on the exchange when it crashed.
- The next payment is in May 2025 for bigger claims (over $50,000).
- Smaller claims (under $50,000) are already being paid.
- Most people should get back more than they lost!
- Be careful of fake emails trying to trick you!
| Fact | Info |
|---|---|
| Next Payment Date | May 30, 2025 |
| Amount to be repaid (estimated) | $14.5 billion - $16.3 billion |
| Percentage of creditors receiving repayments | 98% |
| Minimum repayment percentage (expected) | 118% |
While this is good news for some, the overall crypto market went down a bit after the announcement. Some people may be afraid to invest in crypto again after what happened at FTX.
