Big news about FTX, the crypto company that went bankrupt! They're starting to pay back the people who lost money. This week was the first round, and more money is coming.
It's like when you accidentally break a friend's toy and need to pay them back slowly. FTX is doing it, bit by bit.
It will take a while to pay everyone back.
- FTX is giving back some money to people who lost money.
- The next payment is on May 30th.
- Big payments (over $50,000) will be paid first.
- Smaller payments (under $50,000) will be paid by April 11th, 2025.
| Fact | Number |
|---|---|
| First payment amount | $1.2 billion (but only about $800 million will reach people) |
| Total expected payback | $13 billion |
| Money kept for disputes | $7 billion |
