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TheNewsCrypto
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FTX Begins Creditor Payouts in May With Outdated Token Valuations
- FTX will begin repaying major creditors on May 30 using $11.4B in cash.
- Repayments will be based on asset values from November 2022, not current prices.
- Creditors feel shortchanged as tokens like Bitcoin, Solana, and XRP have surged in value since 2022.
- The repayment process may take months due to the high volume of claims and need for verification.
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