FTX, a former giant in the cryptocurrency exchange world, is preparing to repay users over $1.2 billion. This effort is part of a larger plan to return up to $16 billion to their creditors. Some of these creditors have been unable to access their funds since FTX's collapse over two years ago.
While the repayment is a crucial step towards restoring trust, there are concerns that the process might be unfair to some users. Criticisms arise due to the lengthy time creditors have had to wait and doubts over the distribution criteria. The situation could have significant implications for crypto prices and market dynamics.
