Türkçe
Español
FTX has initiated payments to creditors following its bankruptcy proceedings, with the first repayments made on February 19, 2025. The company has established a total repayment plan of $16 billion. However, users from several countries, numbering in the millions, are currently excluded from this repayment process.
Countries Excluded from the Payment Process
During FTX’s bankruptcy process, notable restrictions have been applied to several countries. Requests from China, Russia, Egypt, Nigeria, and Ukraine have temporarily been excluded from the payment list. This situation particularly affects Chinese users, who comprise approximately 8% of FTX’s customer base.
According to the customer distribution chart provided during the bankruptcy process, the Cayman Islands holds the largest share at 22%, followed by China at 8%. Although countries like the United Kingdom and Hong Kong are undergoing the payment process, regulatory hurdles have not provided a clear solution for users from China and other affected countries.
$16 Billion Repayment Process
FTX has launched a total repayment process of $16 billion for creditors, with initial payments starting as of February 19, 2025. It is stated that repayments will continue according to the established schedule.
The company has made it possible to execute these repayments by liquidating its assets and improving liquidity. However, it has been announced that not all customer groups will benefit from these repayments, as users in countries like China, Russia, Egypt, Nigeria, and Ukraine are currently excluded.
The future of the payment process remains uncertain. FTX officials claim they are working on alternative solutions for users in specific countries, yet creditors remain in limbo regarding the fate of their funds.
