FTX starts paying small claims, with the first payment amount reaching US$800 million

PANews reported on February 18 that according to FTX creditor Sunil, FTX started reimbursement of accounts with claims amounts less than $50,000 today. The total repayment amount of this round is US$1.2 billion , and approximately US$800 million has been paid, covering 162,000 accounts , accounting for 35% of the estimated 460,000 qualified claim accounts . Of these, 50% is paid to the original holder , and the other 50% is paid to the creditor's acquirer .

According to Arkham, FTX has begun distributing funds to creditors through two distribution providers, Kraken and BitGo.