FTX debt representative Sunil has disclosed the repayment schedule on the X platform.
According to his tweet, the first round of repayment plan will be targeted towards “convenience classes” debt holders with amounts below $50,000. The total repayment amount for this round is approximately $1.2 billion, and it is expected to commence as early as February 25th, with the distribution period possibly lasting until March 4th.
FTX requires debt holders to complete the pre-allocation process, including claiming registration, before January 20th. This process includes selecting the platform for claiming the debt, with currently supported service providers being Kraken and Bitgo.
