The first phase of repayment from FTX will repay 6.5 to 7 billion US dollars

PANews reported on February 11, according to Cointelegraph, FTX will start repaying $16 billion in creditor debt from February 18, 2025. The first phase will repay between $6.5 billion and $7 billion. The compensation amount will be calculated based on the prices of November 2022.

Previously, Sunil, a representative of FTX creditors disclosed on X that FTX plans to start repaying the debt at 10 am Eastern Time on February 18, 2025. This repayment will prioritize creditors with claim amounts less than $50,000.