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FTX Shares Repayment Timeline

Many FTX creditors are just weeks away from finally getting their hands on repayments.

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On Monday, FTX announced a timeline for repaying customers and creditors by early 2025, starting with creditors.

What’s the Scoop?

  • Customer Repayments: FTX announced on Monday that FTX customers are required to complete a KYC verification, fill out tax forms, and onboard to either Kraken Kraken or BitGo to receive repayment of funds
  • First Dibs: Creditors with claims worth $50,000 or less will receive the initial distributions, those investors make up around 90% of all creditors
  • First Round of Repayments: The distribution of repayments to customers is set to be within 60 days of January 3, 2025

Bankless Take

FTX announced on Monday their plan to repay creditors and customers. It has been over 2 years since the collapse of FTX and this story might finally be coming to a close. While the collapse of FTX will go down in the history books of the crypto community, there is a lesson everyone can take from this event, not your keys, not your crypto. 


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Kazu Umemoto

Written by Kazu Umemoto

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Kazu Umemoto is an analyst and has been with Bankless since October 2024. Previously worked at an accounting firm doing tech auditing. He graduated from the University of Oregon with a degree in finance and a minor in computer science.

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