In the latest update, FTX creditor representative Sunil shared key details regarding the company's upcoming payment schedule, offering crucial information for creditors. FTX is set to begin its payment process on March 31, marking a significant step toward settling outstanding claims.
Importantly, for creditors who have already completed know-your-customer (KYC) verification and submitted the necessary documentation, February 14 will serve as the critical record date. This date will determine eligibility for the initial round of repayments.
This development brings a sense of optimism for FTX creditors and highlights the importance of taking timely action. Creditors are encouraged to complete all required procedures promptly to safeguard their claims.