FTX Targets Q4 2025 for Full Repayment to Large Creditors Amid Ongoing Recovery Efforts
FTX creditor representative Sunil Kavuri has announced the next phase of repayments for the defunct exchange's creditors, with large claimants expected to receive their remaining balances by the end of 2025. The repayment process, which began earlier this year with small creditors receiving 120% of their claims, is now focusing on institutional creditors holding claims above $50,000. Currently, these creditors have been repaid 72.5% of their claim values, with the remaining 27.5% slated for distribution by late 2025. This update highlights FTX's continued efforts to address its financial obligations and restore trust in the cryptocurrency ecosystem.
FTX Sets Q4 2025 Target for Full Repayment to Large Creditors
FTX creditor representative Sunil Kavuri has outlined the next phase of repayments to the defunct exchange's creditors, with large claimants set to receive their remaining balances by late 2025. The process, which began in February with 120% repayments to small creditors, now shifts focus to those holding claims above $50,000.
Current repayments to institutional creditors stand at 72.5% of claim values, with the remaining 27.5% scheduled for distribution between October and December 2025. Kavuri notes the possibility of extensions into 2026-2027, emphasizing that all creditors will eventually recover 100% of claims plus 40-80% in post-petition interest.
Shiba Inu Exec Criticizes Exchanges Over SHIB Delisting
Shiba Inu's marketing lead, Lucie, has condemned the delisting of SHIB from two unnamed centralized exchanges, dismissing claims that the move reflects poor trading volume. The decision, she argues, stems from manipulative practices rather than market performance.
Centralized exchanges face sharp criticism for prioritizing short-term gains over sustainable projects. Lucie cites past failures like FTX and WazirX as cautionary tales, reinforcing her distrust of certain platforms while affirming confidence in others.
