FTX to repay $2.2B to creditors on March 31

The FTX Recovery Trust, which manages the assets of the bankrupt cryptocurrency exchange, announced it is scheduled to repay approximately $2.2 billion to creditors on March 31. According to CoinDesk, additional repayments to preferred shareholders are scheduled for later this year. The funds are expected to be deposited within one to three business days via BitGo, Kraken, and Payoneer.