FTX continues to make payments to creditors, but users from Russia, China, Ukraine, Nigeria, and Egypt remain excluded; payments for large creditors will begin in the second quarter of 2025

FTX continues to make payments to creditors, however, users from countries such as Russia, China, Ukraine, Nigeria, and Egypt remain excluded from the current distributions. This is due to the inaccessibility of the Kraken and BitGo platforms in these regions. The first phase of payments was completed on February 18 for creditors with amounts up to $50,000, who also received 9 percent per annum. Payments for larger creditors (with amounts exceeding $50,000) are planned to begin in the second quarter of 2025. The information about the payments is based on official statements and data from FTX.