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Coin Edition 2024-12-30 18:39:00

FTX Repayment Plan Fact Check: Addressing Misinformation

FTX’s $16B repayments start March 2025; disputed claims may delay payouts by up to 3 years. AI agents spread misinformation, causing confusion over FTX repayment timeline. FTT token surged 5% following inaccurate AI reports on repayment dates. An FTX creditor has called out a popular AI agent for spreading false information about FTX’s upcoming claims distribution. At the center of this controversy is FTX’s highly anticipated creditor repayment plan, which totals over $16 billion and will reimburse thousands of creditors who lost funds in the exchange’s collapse in November 2022. FTX Repayments False: Distribution does not start 3rd Jan and $16bn within 60 days Approx No. FTX Cash: $13bn now/ $14bn Mar VC port, lawsuits: $5bn – $7bn FTX Disputed claims reserve (50%): $7bn – Not distributed initially Mar 25: $7bn cash Distributed Then disputed… pic.twitter.com/SdICpfkEgG — Sunil (FTX Creditor Champion) (@sunil_trades) December 30, 2024 FTX’s $16 Billion Repayment Plan The failed crypto exchange received approval from a U.S. court in October 2024 for its repayment plan. This plan allows FTX to distribute $16.5 billion to its creditors over a 60-day perio… The post FTX Repayment Plan Fact Check: Addressing Misinformation appeared first on Coin Edition .

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