Main meals
- FTX will start paying creditors in the Bahamas on February 18, starting with claims of less than $ 50,000.
- The qualified creditors will get 100 % of their claim value in addition to the 9 % interest, processed by BITGO.
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FTX is scheduled to start paying its creditors about three years after its collapse, which represents a great milestone in the wake of one of the most famous bankruptcy cases in Crypto.
According to Email It was sent to creditors, the first wave of payment will start at 10 am on February 18, focusing on claims of less than $ 50,000, classified as “comfort category”.
The official liquidators participating in the FTX digital markets confirmed that qualified creditors will receive 100 % of the value of the article that amounts to 50,000 dollars, in addition to 9 % annual interest calculated from November 11, 2022, on the date of payment.
“FTX official bankers are pleased to inform you that you have completed all the steps required to be eligible to receive a distribution related to the demand for your comfort category and that a boost be made to your candidate account,” according to an email sent to creditors.
BITGO, encryption nursery platform, will treat payments. Although transactions may appear as suspended up to 10 days before the distribution date, the money will be available from February 18.
The initial distribution applies only to creditors in the process of liquidating the Bahamas. The former FTX users should wait until March 4 for their shots, According to For the creditor’s motive.
The recovery process has faced legal challenges since the FTX bankruptcy was presented in 2022, complicating of estimating the value of the lost encryption assets.
Adding postpartum interest rates by 9 % aims to process financial gaps during the bankruptcy period.
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