Nearly three years after FTX’s collapse, creditors are still waiting for full repayment. The exchange has so far reimbursed $7.8 billion to users, including a $1.2 billion payout in February, $5 billion in May, and a $1.6 billion September distribution, according to creditor representative Sunil on X.

The FTX estate says it has up to $16.5 billion in recovered assets, with plans to repay at least 98% of customers 118% of the value of their November 2022 account balances. Another $8.7 billion is expected to be distributed.

FTX’s bankruptcy, one of the largest in crypto history, triggered a wave of collapses across the industry and a deep bear market.