FTX, the collapsed cryptocurrency exchange, is set to repay $16 billion to its customers and creditors starting in January 2025. This repayment plan, which was approved in October, aims to rebuild trust in the crypto industry following FTX's downfall in 2022. Customers with claims under $50,000 will be the first to receive their money, and the company plans to return 98% of what customers lost. Some creditors may reinvest their funds into digital assets like Bitcoin and Ethereum, potentially driving up demand and prices. FTX has partnered with Kraken and BitGo to handle the repayments, highlighting the industry's reliability and infrastructure. This repayment is seen as a move to regain investor faith in the company and could have a positive impact on the crypto market.



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