FTX will repay $16 billion in cash, and claims processing will begin on January 3, 2025

Odaily reports that HODL15Capital published a post on X stating that FTX will begin repaying $16 billion in cash, and the claims processing will commence on January 3, 2025. Previously, it was reported that customers affected by the FTX bankruptcy will be able to receive bankruptcy distributions through and , and this plan will take effect on January 3, 2025. FTX stated in a statement that the "initial distribution" is expected to be made within 60 days after the effective date. Previously, a representative of FTX's largest creditor group, , pointed out that FTX has announced two distribution partners, and , and a third one will be announced soon. Kavuri added that the funds can also be distributed through stablecoins.