FTX Creditor Payouts Start Today, Totaling $1.2 Billion for Small Claims
The FTX creditor payout process begins today, February 18, focusing on smaller creditors with claims of $50,000 or less, who will receive full repayment plus 9% interest. The total for this first batch is approximately $1.2 billion.
Key details include:
- Payouts for larger claims over $50,000 will start in Q2 2025.
- Total FTX repayments are expected to exceed $16 billion.
- Most payouts will be in cash, but if distributed in crypto, it could impact market liquidity.
- Potential reinvestment into Bitcoin may drive its price up.
- Speculation exists that a portion of funds could flow into altcoins, particularly if Ethereum staking ETFs get regulatory approval in 2025.
Current trading status: Bitcoin at $95,300, down 0.75% in the last 24 hours.
