Latest developments on FTX claims: Creditor representatives announce distribution plan for 2025 to 2027.

Gate News bot message, on July 1, FTX creditor representative Sunil updated the latest progress on creditor compensation on social media. According to the released information, on February 18, 2025, small creditors (with claims under $50,000) will receive a compensation rate of 120%. On May 30, 2025, large creditors (with claims over $50,000) will receive a compensation rate of 72.5%, while small creditors will maintain a compensation rate of 120%.

Sunil also revealed that the future compensation distribution is expected to take place in October and December 2026, as well as in 2027. For large creditors who have already received 72.5% compensation, they will subsequently receive a compensation of 27.5% of the face value, achieving a total of 100% compensation. It is worth noting that, based on the current compensation situation, the interest rate for FTX creditors after applying for compensation is approximately 40-80%.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)