FTX to begin first creditor repayments on February 19

According to crypto news account Solid Intel (@solidintel_x) on X, FTX Exchange will start its first round of creditor repayments on Feb. 19 at 03:00 UTC. Cointelegraph previously reported that FTX plans to distribute a total of $16 billion, with the initial repayment round estimated at $6.5–7 billion, based on asset valuations from November 2022.