Even though times ahead look like they'll be very kind to crypto and meme coins, it's always a wise idea to follow healthy investing habits.
FTX finally started repaying creditors on February 18, kicking off a long-awaited process. But as Sunil Kavuri, a creditor and advocate, pointed out on X, there are 163 countries that are ineligible for repayment, including China, Nigeria, Egypt, and Ukraine.
Neither Sunil nor FTX have disclosed the reasons behind these rejections, but Sunil mentioned that FTX is exploring its options regarding the matter.
As for the next round of repayments, it will be paid out to creditors who lost between $50K and $250K, and they must verify their claims by April 11 to be eligible for this distribution.
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