The post FTX Plans Major Creditor Payouts Starting February 2025 appeared on BitcoinEthereumNews.com. Key Points: FTX plans structured payouts totaling $7.1 billion by 2025. Sunil Kavuri is leading creditor representation, ensuring effective distribution. Full recovery of claims is expected, along with significant post-petition interest. FTX plans to distribute $7.1 billion to creditors, beginning February 2025, with details shared by representative Sunil Kavuri via Twitter. This repayment schedule signals a structured resolution to FTX’s financial obligations, potentially restoring market confidence amidst ongoing cryptocurrency exchanges’ scrutiny post-bankruptcy. FTX to Payout $7.1 Billion to Creditors by 2025 Sunil Kavuri, FTX creditor representative, confirmed on Twitter that FTX will distribute $7.1 billion to creditors through multiple payouts in 2025. The payouts are part of the company’s bankruptcy recovery plan, which follows FTX’s collapse due to financial mismanagement. Key figures involved in the bankruptcy process include former CEO Sam Bankman-Fried, who is serving a 25-year sentence for fraud, and representatives like Kavuri who guide the distribution process. Prior to the planned payouts, FTX’s total assets available for distribution amounted to between $16 and $17 billion. The scheduled payouts include $454 million on February 18, 2025, for smaller claims under $50,000, followed by $5 billion on May 30, 2025, for larger claims. Sunil Kavuri, FTX Creditor Representative, “FTX Distribution: 18th Feb 25: Claims <$50k paid at 120%. 30th May 25: Claims >$50k 72.5%. Future distribution dates prob a few eg Oct/Dec, 2026, 27 etc. Claims >$50k Those paid 72.5% will get 27.5% face value =100%. + Post petition interest ~40%-80%.” Source Credit Recovery Sets New Speed Benchmark Post-Mt. Gox Era Did you know? Mt. Gox, another major cryptocurrency exchange, faced a prolonged bankruptcy process where creditors waited nearly a decade for repayment, highlighting FTX’s accelerated payout schedule. Bitcoin (BTC) holds a strong market position with a price of $103,566.21 and a market cap of $2.07 trillion, according to CoinMarketCap… The post FTX Plans Major Creditor Payouts Starting February 2025 appeared on BitcoinEthereumNews.com. Key Points: FTX plans structured payouts totaling $7.1 billion by 2025. Sunil Kavuri is leading creditor representation, ensuring effective distribution. Full recovery of claims is expected, along with significant post-petition interest. FTX plans to distribute $7.1 billion to creditors, beginning February 2025, with details shared by representative Sunil Kavuri via Twitter. This repayment schedule signals a structured resolution to FTX’s financial obligations, potentially restoring market confidence amidst ongoing cryptocurrency exchanges’ scrutiny post-bankruptcy. FTX to Payout $7.1 Billion to Creditors by 2025 Sunil Kavuri, FTX creditor representative, confirmed on Twitter that FTX will distribute $7.1 billion to creditors through multiple payouts in 2025. The payouts are part of the company’s bankruptcy recovery plan, which follows FTX’s collapse due to financial mismanagement. Key figures involved in the bankruptcy process include former CEO Sam Bankman-Fried, who is serving a 25-year sentence for fraud, and representatives like Kavuri who guide the distribution process. Prior to the planned payouts, FTX’s total assets available for distribution amounted to between $16 and $17 billion. The scheduled payouts include $454 million on February 18, 2025, for smaller claims under $50,000, followed by $5 billion on May 30, 2025, for larger claims. Sunil Kavuri, FTX Creditor Representative, “FTX Distribution: 18th Feb 25: Claims <$50k paid at 120%. 30th May 25: Claims >$50k 72.5%. Future distribution dates prob a few eg Oct/Dec, 2026, 27 etc. Claims >$50k Those paid 72.5% will get 27.5% face value =100%. + Post petition interest ~40%-80%.” Source Credit Recovery Sets New Speed Benchmark Post-Mt. Gox Era Did you know? Mt. Gox, another major cryptocurrency exchange, faced a prolonged bankruptcy process where creditors waited nearly a decade for repayment, highlighting FTX’s accelerated payout schedule. Bitcoin (BTC) holds a strong market position with a price of $103,566.21 and a market cap of $2.07 trillion, according to CoinMarketCap…