> ## Content Index
> Fetch the complete content index at: https://blog.1token.tech/llms.txt
> Use this file to discover other available public pages before exploring further.

# FTX finally begins repayments — $16B set to roll out, but at 2022 prices
- URL: https://blog.1token.tech/ftx-finally-begins-repayments-16b-set-to-roll-out-but-at-2022-prices/
- Published: 2025-02-26T18:00:24.000Z
- Updated: 2026-07-22T10:35:59.000Z
- Description: LIBRA takes a nosedive, Binance realizing income, and FTX is finally paying out.
- Author: 1Token
- Tags: Market Digest

## LIBRA rug

The launch of Libra (LIBRA), a cryptocurrency once endorsed by Argentine President Javier Milei (then Javier Milei distanced himself from the LIBRA meme coin after initially endorsing it in a now-deleted tweet.), turned into a financial catastrophe within hours.

The Libra token briefly rose to a peak market capitalization of $4.56 billion at 10:30 pm UTC on Feb. 14 before falling over 94% to the current $257 million market cap in just 11 hours since the token debuted for trading on decentralized exchanges. Meanwhile KIP Protocol, the LIBRA team has cashed out $107M! 8 wallets related to the $LIBRA team have obtained 57.6M $USDC and 249,671 $SOL($49.7M) by adding liquidity, removing liquidity and claiming fees.

![](https://storage.ghost.io/c/e5/29/e529ae0e-b8de-4215-bee5-f2e194311421/content/images/2025/02/image-3.png)

## Binance realizing income

Analysis of Binance's reserve done by [AB Kuai.Dong](https://x.com/%5FFORAB?ref=blog.1token.tech) shows that Binance is realizing their income [https://x.com/\_FORAB/status/1889183557085716761](https://x.com/%5FFORAB/status/1889183557085716761?ref=blog.1token.tech)

![](https://storage.ghost.io/c/e5/29/e529ae0e-b8de-4215-bee5-f2e194311421/content/images/2025/02/image-4.png)

Similar selling happened in June 2023 and February 2024

![](https://storage.ghost.io/c/e5/29/e529ae0e-b8de-4215-bee5-f2e194311421/content/images/2025/02/image-5.png)

## FTX to start repayment

[https://x.com/Cointelegraph/status/1889247573724000363](https://x.com/Cointelegraph/status/1889247573724000363?ref=blog.1token.tech)

FTX to start $16B creditor repayments on Feb. 18, 2025, with $6.5-$7B in the first phase. Payouts based on Nov 2022 prices.

Some KOLs are disclosing below schedule:  
Claims <$50k: 1st Distribution: 18 Feb 2025, 10pm ET  
Claims >$50k: $17bn+ \~ Q2 25 likely: No date set yet

---

## 1Token's Service 

Serving 60+ Clients worldwide, [1Token](https://1token.tech/?ref=blog.1token.tech)'s [Crypto PMS](https://1token.tech/products/portfolio-management?ref=blog.1token.tech), [RMS](https://1token.tech/products/risk-management?ref=blog.1token.tech), and [Portfolio Accounting Software](https://1token.tech/clients/fund-admin-auditor?ref=blog.1token.tech) has the unique trading know-how and technology capabilities to build: 

- **Front office** (portfolio managers and traders) to view live position and exposure, calculate trading PnL and historical performance.
- **Middle office** (ops and risk) to maintain portfolios and API accounts, book OTC trades, monitor risk metrics and analyze VaR/STV, generate shadow NAV with investor subscription/redemption/dividend.
- **Back office** (admin and auditors) to collect and [reconcile ](https://1token.tech/products/data-collection-reconciliation?ref=blog.1token.tech) trades, generate valuation and PnL reporting under FIFO/WAC tax strategy.