FTX Schedules Next Creditor Repayment for May 30
FTX has initiated repayments to creditors after its bankruptcy, beginning with investors who lost up to $50K on February 18. The next distribution is scheduled for May 30, targeting trading partners and vendors, along with investors holding assets during the collapse. Creditors must verify claims by April 11 to qualify for this round.
FTX Faces Claims from Ineligible Jurisdictions
Sunil Kavuri reported that 163 countries are ineligible for repayment, including China, Russia, Nigeria, Egypt, and Ukraine. No reasons for these exclusions have been provided, but FTX is reportedly reviewing its options.
Key points:
- First repayments started on February 18
- Next round on May 30 for additional creditors
- Claims verification deadline is April 11
- 163 countries excluded from repayment
The ongoing repayment process may positively impact the cryptocurrency market.
Meme Coins Overview
Several meme coins are gaining attention:
- BTC Bull Token ($BTCBULL) - Ties rewards to Bitcoin benchmarks; presale raised over $2.6M.
- Solaxy ($SOLX) - Multi-chain token aimed at improving Solana's transaction issues; presale raised over $23M.
- MIND of Pepe ($MIND) - AI-driven investment advice; presale raised over $6.7M.
- Comedian ($BAN) - Community-driven meme coin; gained nearly 100% recently.
Investors should stay informed and consider healthy investment practices in the evolving crypto landscape.