FTX Repayment Process Begins: Bitcoin Claims Receive Just 20% Value

FTX’s primary repayment process is slated to launch on May 30th, marking a major step in its bankruptcy proceedings. However, creditors of the once-renowned crypto exchange will receive a significant blow as their Bitcoin (BTC) claims are set for just 20% of their current market value. This concerning development has triggered anxiety and disappointment among those expecting greater payouts.