Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
FTX Repayment Initiated, Creditors Need to Complete These Claim Steps
Original Article Title: "FTX Repayment Expected to Start in February, Creditors Must Complete the Following Claim Steps by 1/20"
Original Article Author: James, BlockTempo
The bankrupt exchange FTX announced in December last year that its restructuring plan approved by the court in October last year officially took effect on January 3, 2025, and the initial repayment distribution to the first batch of creditors will take place within 60 days after that date. The initial repayment distribution is limited to creditors in the "Convenience Category" as defined in the restructuring plan.
Note: The Convenience Category refers to creditors with claims of $50,000 or less, who represent over 90% of all FTX bankruptcy case creditors. It is expected that they will be able to recover 118% of the claim value in USD, while the distribution date for other categories of claims will be announced later.
First Repayment to Start in February
FTX creditor representative Sunil revealed the repayment schedule in a post today. According to the plan, the first round of repayment will target creditors with claims of less than $50,000, totaling approximately $1.2 billion. FTX requires creditors to complete claim registration and other pre-allocation requirements by January 20, with the first repayment expected to start in February and the distribution period may last until March 4.
To receive the initial repayment distribution, creditors in the "Convenience Category" must complete pre-allocation requirements by January 20, 2025, including submitting tax forms (Step 7), selecting and successfully registering with a distribution service provider (Step 8), and undergoing sanctions screening. The complete steps are as follows:
· Log in to the FTX Claims Portal (https://claims.ftx.com) (for clients).
· Complete the required KYC verification by January 3, 2025 (refer to BlockTempo's FTX Claim Application Guide).
· Submit the required tax forms, including the W-8 BEN form (refer to BlockTempo's Tax Form Submission Guide).
· After selecting the allocation service provider BitGo or Kraken in STEP 8, read the registration instructions for the chosen service provider and register an account with BitGo or Kraken by January 20.
BitGo is a globally regulated cryptocurrency custodian, while Kraken is a well-known U.S.-based cryptocurrency exchange offering services such as spot and derivatives trading in up to 190 countries/regions.
FTX Official has stated that creditors who do not meet the requirements by the deadline will not receive an allocation on the initial distribution date but may receive a makeup distribution in subsequent months.
Furthermore, according to Section 7.8 of the restructuring plan, if a holder fails to complete the pre-allocation requirements within 6 months from the initial allocation record date (January 3, 2025), they will forfeit their allocation rights.
Additionally, as per Section 7.14, if a holder receives a request to fulfill the requirements, they must do so within the specified timeframe; otherwise, they will also lose their allocation eligibility.
How Much Compensation Can Creditors Expect?
According to the FTX bankruptcy plan, the company anticipates having as much as $145 billion to $163 billion in cash available for distribution. This plan applies to 98% of creditors, and repayments are calculated based on "the USD price of cryptocurrency on the day of FTX's Chapter 11 bankruptcy filing on November 11, 2022."
Although FTX expects that the vast majority of creditors (claims of $50,000 or less) will be able to recover 118% of the claim value in USD, unless the assets held at FTX are stablecoins, they could still face significant losses.
For example, when FTX filed for bankruptcy protection, the price of BTC was only around $16,000, but the current BTC price is around $94,000. This means that if a creditor held one bitcoin at FTX at that time, they might only receive $16,000, representing about 17% of the current price—an enormous loss.
You may also like
LALIGA Match Report: Vinícius scores as 10-man Real Madrid secure a 3-2 comeback victory in Madrid derby
In the early hours of March 23, 2026, Round 29 of LALIGA delivered a headline clash at the Santiago Bernabéu. Real Madrid hosted their local rivals, Atlético de Madrid, in a high-stakes encounter. Under referee José Munuera, the match unfolded at a fierce pace, packed with physical duels and momentum swings. After a five-goal thriller, Real Madrid held firm for a 3–2 home win, taking all three points. They remain second on 69 points, now four behind leaders Barcelona.
From a numbers standpoint, Real Madrid stayed composed under pressure, completing 526 passes with a 52.4% share of possession. Atlético struck first in the 33rd minute through Lookman. After the break, Real Madrid flipped the game: Vinícius converted a penalty to level, then Valverde fired them ahead. Molina pulled Atlético back on level terms, but Vinícius stepped up again in the 72nd minute to seal the win. Late drama followed as Valverde saw red, forcing Real Madrid to defend deep with ten men through the final stretch. Atlético's aggressive approach—12 fouls and 4 yellow cards—kept the pressure on, but they couldn’t stop the comeback.
WEEX Insights: As the official LALIGA partner in the Hong Kong and Taiwan regions, WEEX sees this win as a masterclass in control under pressure. Even after a red card and constant attacks, Real Madrid stayed sharp and executed with precision. That same discipline—staying calm in volatile moments and acting with clarity—reflects the core trading mindset WEEX stands for. LALIGA fan campaigns are coming soon—celebrate the game with WEEX.
About WEEX
Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.
Follow WEEX on social media
X: @WEEX_Official
Instagram: @WEEX Exchange
Tiktok: @weex_global
Youtube: @WEEX_Official
Discord: WEEX Community
Telegram: WeexGlobalGroup
LALIGA Match Report: Araujo seals 1–0 win as Barça tighten grip on top spot
In the early hours of March 22 (Beijing Time), Barça edged Rayo Vallecano 1–0 at Camp Nou in a key Round 29 clash. The hard-earned win lifts Barça to 73 points, strengthening their hold on first place.
Barça controlled the game with 61% possession and a sharp 89% passing accuracy (460 passes). Rayo pushed back with intensity, earning 9 corners, but Barça's defense stayed solid. Yellow cards for Raphinha, Yamal, and Cubarsí highlighted the physical edge of the match. Second-half subs like Rashford and Olmo added fresh energy to help see out the result. Rayo remain 14th on 32 points.
WEEX Insights: As the Official LALIGA Partner in HK & TW, WEEX sees Barça’s 89% passing accuracy as a clear example of high execution with minimal error. Staying precise under pressure and finding the breakthrough reflects the same disciplined approach used in rational trading.
LALIGA interactive campaigns are coming soon—stay tuned with WEEX ⚽️
About WEEX
Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.
Follow WEEX on social media
X: @WEEX_Official
Instagram: @WEEX Exchange
Tiktok: @weex_global
Youtube: @WEEX_Official
Discord: WEEX Community
Telegram: WeexGlobalGroup
These days, even hackers are losing money
Arm Chips In-House: Rewire News Brief
IOSG: Stablecoin Reshaping Asia Cross-Border Payments? Strategic Landscape and Investment Opportunities Analysis
\$73 Billion OpenAI Aims for IPO: Drops Sora, Snubs Disney, Puts Microsoft in Risk Factors
The Chip Industry's Most Secure Middleman Just Took a Very Risky Turn
CZ's Latest Interview: My Experience is Replicable, Writing a Book to Inspire Young Entrepreneurs
Morning News | Invesco acquires a $900 million on-chain fund from Superstate; ParaFi has raised $125 million for its new fund; Solana Foundation launches developer platform SDP
What is the background of this new fund that the two major prediction market platforms have rarely joined forces to create?
SIREN, another leveraged scam
Token has become extremely popular, and the blockchain is very sad
Tether's major shareholder invests £12 million to support the "British version of Trump" in the cryptocurrency sector
Huang Renxun's Latest Podcast: Will NVIDIA Reach $1 Trillion? Will the Number of Programmers Increase Instead of Decrease? How to Deal with AI Anxiety?
Besides Resolv Hack, This DeFi Vulnerability Type Has Occurred Four Times
Trump Cries Peace, $1.5 Billion Dash | Rewire News Evening Brief
From x402 to MPP: Cloudflare's crucial vote, will it go to Coinbase or Stripe?
BlackRock CEO issues annual open letter: The wave of tokenization has arrived, and we will lead this trend
LALIGA Match Report: Vinícius scores as 10-man Real Madrid secure a 3-2 comeback victory in Madrid derby
In the early hours of March 23, 2026, Round 29 of LALIGA delivered a headline clash at the Santiago Bernabéu. Real Madrid hosted their local rivals, Atlético de Madrid, in a high-stakes encounter. Under referee José Munuera, the match unfolded at a fierce pace, packed with physical duels and momentum swings. After a five-goal thriller, Real Madrid held firm for a 3–2 home win, taking all three points. They remain second on 69 points, now four behind leaders Barcelona.
From a numbers standpoint, Real Madrid stayed composed under pressure, completing 526 passes with a 52.4% share of possession. Atlético struck first in the 33rd minute through Lookman. After the break, Real Madrid flipped the game: Vinícius converted a penalty to level, then Valverde fired them ahead. Molina pulled Atlético back on level terms, but Vinícius stepped up again in the 72nd minute to seal the win. Late drama followed as Valverde saw red, forcing Real Madrid to defend deep with ten men through the final stretch. Atlético's aggressive approach—12 fouls and 4 yellow cards—kept the pressure on, but they couldn’t stop the comeback.
WEEX Insights: As the official LALIGA partner in the Hong Kong and Taiwan regions, WEEX sees this win as a masterclass in control under pressure. Even after a red card and constant attacks, Real Madrid stayed sharp and executed with precision. That same discipline—staying calm in volatile moments and acting with clarity—reflects the core trading mindset WEEX stands for. LALIGA fan campaigns are coming soon—celebrate the game with WEEX.
About WEEX
Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.
Follow WEEX on social media
X: @WEEX_Official
Instagram: @WEEX Exchange
Tiktok: @weex_global
Youtube: @WEEX_Official
Discord: WEEX Community
Telegram: WeexGlobalGroup
LALIGA Match Report: Araujo seals 1–0 win as Barça tighten grip on top spot
In the early hours of March 22 (Beijing Time), Barça edged Rayo Vallecano 1–0 at Camp Nou in a key Round 29 clash. The hard-earned win lifts Barça to 73 points, strengthening their hold on first place.
Barça controlled the game with 61% possession and a sharp 89% passing accuracy (460 passes). Rayo pushed back with intensity, earning 9 corners, but Barça's defense stayed solid. Yellow cards for Raphinha, Yamal, and Cubarsí highlighted the physical edge of the match. Second-half subs like Rashford and Olmo added fresh energy to help see out the result. Rayo remain 14th on 32 points.
WEEX Insights: As the Official LALIGA Partner in HK & TW, WEEX sees Barça’s 89% passing accuracy as a clear example of high execution with minimal error. Staying precise under pressure and finding the breakthrough reflects the same disciplined approach used in rational trading.
LALIGA interactive campaigns are coming soon—stay tuned with WEEX ⚽️
About WEEX
Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.
Follow WEEX on social media
X: @WEEX_Official
Instagram: @WEEX Exchange
Tiktok: @weex_global
Youtube: @WEEX_Official
Discord: WEEX Community
Telegram: WeexGlobalGroup
App