# FTX Shares Repayment Timeline

*Author: Kazu Umemoto*
*Published: Dec 16, 2024*
*Source: https://www.bankless.com/read/ftx-shares-repayment-timeline*

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On Monday, FTX announced a timeline for repaying customers and creditors by early 2025, starting with creditors.

## What’s the Scoop?
- **Customer Repayments**: FTX [announced](https://x.com/FTX_Official?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1868713389570285769%7Ctwgr%5Edeeac9b91697e150441f3e5fa0465d83ef2ac0a8%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F296842%2Fftx-return-funds-customers-early-2025) on Monday that FTX customers are required to complete a KYC verification, fill out tax forms, and onboard to either Kraken or BitGo to receive repayment of funds
- **First Dibs**: Creditors with claims worth $50,000 or less will receive the initial distributions, those investors make up around 90% of all creditors
- **First Round of Repayments**: The distribution of repayments to customers is set to be within 60 days of January 3, 2025

## Bankless Take
FTX announced on Monday their plan to repay creditors and customers. It has been over 2 years since the collapse of FTX and this story might finally be coming to a close. While the collapse of FTX will go down in the history books of the crypto community, there is a lesson everyone can take from this event, not your keys, not your crypto. 
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