Jianing Wu

1 month ago | galaxy.com | Charles Yu |Alex Thorn |Jianing Wu

research • February 21, 2025 This week in the newsletter, we write about FTX beginning refund distributions to creditors, a Hong Kong regulator releasing their crypto roadmap, and Figure Markets launching a regulated yield-bearing public security. FTX Begins Refunding CreditorsFTX begins distributing funds to creditors. On February 18, FTX began repayments to creditors as part of the bankruptcy reorganization plan, which will distribute nearly $17bn across several dates in USD.