FTX is initiating testing of Bitcoin transactions in a move ahead of creditor repayments set for February 18, 2025. The initial focus will be on ‘convenience class’ creditors with claims below 50,000 USD.

A recent transfer of 0.3 Bitcoin valued at around 29,000 USD was conducted in three transactions as potential tests. Creditors will receive their claims with an additional interest of 9% from November 2022.