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- #Gate 2025 Semi-Year Community Gala# voting is in progress! ๐ฅ
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2๏ธโฃ #Creator Campaign Phase 2# |ZKWASM Topic: Share original content about ZKWASM or its trading activity on X or Gate Square to win a share of 4,000 ZKWASM!
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๐จ FTX Will Start Paying Creditors on February 18, 2025! ๐จ
FTX Digital Markets, FTX's branch in the Bahamas, will begin making payments to creditors starting on February 18, 2025.
๐น Who will be paid first?
โ Creditors with claims under $50,000 will receive 100% of their funds back + 9% interest per year from November 11, 2022.
โ Distribution process will be conducted through BitGo, a crypto asset custodian platform.
๐น What about large creditors?
โ ๏ธ Creditors with larger claims still do not have a definite schedule for payment.
๐น Things to Know:
๐ Refunds are calculated based on the asset price in November 2022.
๐ For example, Bitcoin was around $17,000 at that time, while now it's approaching $100,000.
๐ It means that the creditor does not benefit from the increase in asset prices after November 2022.
๐ Creditors are advised to check their email or contact FTX's official representative for further information.
๐ฌ What do you think about this payment? Is this a fair move for FTX creditors? Discuss in the comments section! ๐
#FTX # CryptoNews #Bitcoin