🚨 #FTXRefunds Update | Historic $5B Payout Begins 💸
The FTX Recovery Trust has officially kicked off a massive $5 billion distribution to creditors — one of the biggest refund events in crypto history.
📅 Start Date: May 30, 2025
🎯 Who's Eligible?
✔️ Convenience & Non-Convenience Classes
✔️ Must have completed KYC + tax compliance
💰 Phase Breakdown:
🔹 Phase 1: $1.2B paid in Feb 2025 to smaller claims (< $50K)
🔹 Phase 2 (Now): $5B for verified larger claimants
⚙️ Refunds are being processed via BitGo, Kraken, and other platforms.
This move marks a turning point in the FTX 2022 collapse recovery — finally delivering justice to thousands of affected users.
📌 A big win for crypto accountability.
📈 Keep an eye on sentiment shifts as $WCT and related assets react.
