FTXRefunds
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C2
#FTXRefunds
A Complex Recovery Process
The FTX bankruptcy, triggered by fraud and mismanagement, left creditors grappling with losses since November 2022. The Recovery Trust has gathered $11.4 billion in cash to address claims, with payouts calculated using cryptocurrency values from the collapse date, when Bitcoin was around $20,000. This has sparked frustration among creditors, as Bitcoin’s value has surged over 390% since then. Despite this, the structured repayment plan prioritizes smaller claims first, with larger creditors, including institutions, now receiving funds. The process is complicated by a massive volume of claims, including potentially fraudulent ones.$WCT
#FTXRefunds
A Complex Recovery Process
The FTX bankruptcy, triggered by fraud and mismanagement, left creditors grappling with losses since November 2022. The Recovery Trust has gathered $11.4 billion in cash to address claims, with payouts calculated using cryptocurrency values from the collapse date, when Bitcoin was around $20,000. This has sparked frustration among creditors, as Bitcoin’s value has surged over 390% since then. Despite this, the structured repayment plan prioritizes smaller claims first, with larger creditors, including institutions, now receiving funds. The process is complicated by a massive volume of claims, including potentially fraudulent ones.$WCT
C7
#FTXRefunds
$XRP
A Step Toward Industry Recovery
The FTX payouts are seen as a turning point for the crypto industry, which suffered a $9 billion loss from the exchange’s collapse. Industry voices, like Nexo’s Magdalena Hristova, suggest that these repayments could restore confidence, particularly for retail investors. The phased distributions, with plans for additional “catch-up” payments in Q2 2025, demonstrate progress in unwinding FTX’s complex balance sheet. As the crypto market stabilizes, these repayments mark a significant step toward healing the wounds of one of the industry’s darkest chapters.
#FTXRefunds
$XRP
A Step Toward Industry Recovery
The FTX payouts are seen as a turning point for the crypto industry, which suffered a $9 billion loss from the exchange’s collapse. Industry voices, like Nexo’s Magdalena Hristova, suggest that these repayments could restore confidence, particularly for retail investors. The phased distributions, with plans for additional “catch-up” payments in Q2 2025, demonstrate progress in unwinding FTX’s complex balance sheet. As the crypto market stabilizes, these repayments mark a significant step toward healing the wounds of one of the industry’s darkest chapters.
C6
#FTXRefunds
$ETH
Celebrity Endorsements Under Scrutiny
The FTX collapse drew attention to celebrity endorsers like Tom Brady and Stephen Curry, who faced lawsuits from investors. A Florida judge recently dismissed most claims against them, ruling that plaintiffs failed to prove the celebrities knew of FTX’s fraud. This decision underscores the challenges of holding promoters accountable in crypto scandals. While creditors focus on recovering funds, the ruling highlights the broader issue of trust and accountability in cryptocurrency endorsements, leaving investors cautious about future platform promotions.
#FTXRefunds
$ETH
Celebrity Endorsements Under Scrutiny
The FTX collapse drew attention to celebrity endorsers like Tom Brady and Stephen Curry, who faced lawsuits from investors. A Florida judge recently dismissed most claims against them, ruling that plaintiffs failed to prove the celebrities knew of FTX’s fraud. This decision underscores the challenges of holding promoters accountable in crypto scandals. While creditors focus on recovering funds, the ruling highlights the broader issue of trust and accountability in cryptocurrency endorsements, leaving investors cautious about future platform promotions.
C4
#FTXRefunds
$BTC
Market Implications of the Payout
The $5 billion influx into the crypto market has sparked speculation about its impact. Analysts suggest that reinvested funds could boost market activity, potentially increasing volatility. However, some creditors, wary after FTX’s collapse, may opt for liquidity over reinvestment, potentially exerting selling pressure on assets like Bitcoin and Solana. The payout’s scale is significant, but experts like Markus Thielen of 10x Research argue it may not be a “market-moving catalyst” due to its phased nature. Still, the repayments signal a recovery milestone for the crypto industry.
#FTXRefunds
$BTC
Market Implications of the Payout
The $5 billion influx into the crypto market has sparked speculation about its impact. Analysts suggest that reinvested funds could boost market activity, potentially increasing volatility. However, some creditors, wary after FTX’s collapse, may opt for liquidity over reinvestment, potentially exerting selling pressure on assets like Bitcoin and Solana. The payout’s scale is significant, but experts like Markus Thielen of 10x Research argue it may not be a “market-moving catalyst” due to its phased nature. Still, the repayments signal a recovery milestone for the crypto industry.
C3
#FTXRefunds
$WCT
How Creditors Can Claim Funds
To access the $5 billion payout, creditors must log into the FTX claims portal, complete KYC and tax requirements, and select a distribution provider like BitGo or Kraken. The process ensures secure and verified disbursements, with funds expected to reach accounts within days. The payout covers claims both below and above $50,000, with recovery rates ranging from 54% to 120% based on claim type. Creditors are advised to beware of phishing scams posing as FTX communications, emphasizing the need for vigilance during this high-stakes distribution.
#FTXRefunds
$WCT
How Creditors Can Claim Funds
To access the $5 billion payout, creditors must log into the FTX claims portal, complete KYC and tax requirements, and select a distribution provider like BitGo or Kraken. The process ensures secure and verified disbursements, with funds expected to reach accounts within days. The payout covers claims both below and above $50,000, with recovery rates ranging from 54% to 120% based on claim type. Creditors are advised to beware of phishing scams posing as FTX communications, emphasizing the need for vigilance during this high-stakes distribution.
C5
#FTXRefunds
$BNB
Creditor Sentiments and Challenges
Creditors like Sunil Kavuri, owed $2 million, express relief but also frustration over the lengthy wait and valuation disputes. Many feel the repayment model, based on 2022 crypto prices, undervalues their losses given the market’s recovery. The process has been slowed by an overwhelming number of claims—reportedly “27 quintillion,” many duplicates or fraudulents. Despite these hurdles, the FTX Recovery Trust’s efforts reflect unprecedented coordination, with bankruptcy attorney Andrew Dietderich highlighting the complexity of managing such a vast creditor base.
#FTXRefunds
$BNB
Creditor Sentiments and Challenges
Creditors like Sunil Kavuri, owed $2 million, express relief but also frustration over the lengthy wait and valuation disputes. Many feel the repayment model, based on 2022 crypto prices, undervalues their losses given the market’s recovery. The process has been slowed by an overwhelming number of claims—reportedly “27 quintillion,” many duplicates or fraudulents. Despite these hurdles, the FTX Recovery Trust’s efforts reflect unprecedented coordination, with bankruptcy attorney Andrew Dietderich highlighting the complexity of managing such a vast creditor base.
C4
#FTXRefunds
$BTC
Market Implications of the Payout
The $5 billion influx into the crypto market has sparked speculation about its impact. Analysts suggest that reinvested funds could boost market activity, potentially increasing volatility. However, some creditors, wary after FTX’s collapse, may opt for liquidity over reinvestment, potentially exerting selling pressure on assets like Bitcoin and Solana. The payout’s scale is significant, but experts like Markus Thielen of 10x Research argue it may not be a “market-moving catalyst” due to its phased nature. Still, the repayments signal a recovery milestone for the crypto industry.
#FTXRefunds
$BTC
Market Implications of the Payout
The $5 billion influx into the crypto market has sparked speculation about its impact. Analysts suggest that reinvested funds could boost market activity, potentially increasing volatility. However, some creditors, wary after FTX’s collapse, may opt for liquidity over reinvestment, potentially exerting selling pressure on assets like Bitcoin and Solana. The payout’s scale is significant, but experts like Markus Thielen of 10x Research argue it may not be a “market-moving catalyst” due to its phased nature. Still, the repayments signal a recovery milestone for the crypto industry.
C8
#FTXRefunds
$WCT
What’s Next for FTX Creditors?
With the second distribution underway, FTX has set April 11, 2025, as the record date for the next payout phase, expected to commence on May 30, 2025. The estate plans to distribute up to $16 billion in total, with ongoing efforts to resolve disputed claims. Creditors are urged to stay proactive, ensuring compliance with verification requirements to secure their share. As FTX navigates this unprecedented process, the crypto community watches closely, hopeful for closure and renewed trust in the industry’s future.
#FTXRefunds
$WCT
What’s Next for FTX Creditors?
With the second distribution underway, FTX has set April 11, 2025, as the record date for the next payout phase, expected to commence on May 30, 2025. The estate plans to distribute up to $16 billion in total, with ongoing efforts to resolve disputed claims. Creditors are urged to stay proactive, ensuring compliance with verification requirements to secure their share. As FTX navigates this unprecedented process, the crypto community watches closely, hopeful for closure and renewed trust in the industry’s future.
C7
#FTXRefunds
$XRP
A Step Toward Industry Recovery
The FTX payouts are seen as a turning point for the crypto industry, which suffered a $9 billion loss from the exchange’s collapse. Industry voices, like Nexo’s Magdalena Hristova, suggest that these repayments could restore confidence, particularly for retail investors. The phased distributions, with plans for additional “catch-up” payments in Q2 2025, demonstrate progress in unwinding FTX’s complex balance sheet. As the crypto market stabilizes, these repayments mark a significant step toward healing the wounds of one of the industry’s darkest chapters.
#FTXRefunds
$XRP
A Step Toward Industry Recovery
The FTX payouts are seen as a turning point for the crypto industry, which suffered a $9 billion loss from the exchange’s collapse. Industry voices, like Nexo’s Magdalena Hristova, suggest that these repayments could restore confidence, particularly for retail investors. The phased distributions, with plans for additional “catch-up” payments in Q2 2025, demonstrate progress in unwinding FTX’s complex balance sheet. As the crypto market stabilizes, these repayments mark a significant step toward healing the wounds of one of the industry’s darkest chapters.
C3
#FTXRefunds
$WCT
How Creditors Can Claim Funds
To access the $5 billion payout, creditors must log into the FTX claims portal, complete KYC and tax requirements, and select a distribution provider like BitGo or Kraken. The process ensures secure and verified disbursements, with funds expected to reach accounts within days. The payout covers claims both below and above $50,000, with recovery rates ranging from 54% to 120% based on claim type. Creditors are advised to beware of phishing scams posing as FTX communications, emphasizing the need for vigilance during this high-stakes distribution.
#FTXRefunds
$WCT
How Creditors Can Claim Funds
To access the $5 billion payout, creditors must log into the FTX claims portal, complete KYC and tax requirements, and select a distribution provider like BitGo or Kraken. The process ensures secure and verified disbursements, with funds expected to reach accounts within days. The payout covers claims both below and above $50,000, with recovery rates ranging from 54% to 120% based on claim type. Creditors are advised to beware of phishing scams posing as FTX communications, emphasizing the need for vigilance during this high-stakes distribution.
C2
#FTXRefunds
A Complex Recovery Process
The FTX bankruptcy, triggered by fraud and mismanagement, left creditors grappling with losses since November 2022. The Recovery Trust has gathered $11.4 billion in cash to address claims, with payouts calculated using cryptocurrency values from the collapse date, when Bitcoin was around $20,000. This has sparked frustration among creditors, as Bitcoin’s value has surged over 390% since then. Despite this, the structured repayment plan prioritizes smaller claims first, with larger creditors, including institutions, now receiving funds. The process is complicated by a massive volume of claims, including potentially fraudulent ones.$WCT
#FTXRefunds
A Complex Recovery Process
The FTX bankruptcy, triggered by fraud and mismanagement, left creditors grappling with losses since November 2022. The Recovery Trust has gathered $11.4 billion in cash to address claims, with payouts calculated using cryptocurrency values from the collapse date, when Bitcoin was around $20,000. This has sparked frustration among creditors, as Bitcoin’s value has surged over 390% since then. Despite this, the structured repayment plan prioritizes smaller claims first, with larger creditors, including institutions, now receiving funds. The process is complicated by a massive volume of claims, including potentially fraudulent ones.$WCT
#FTXRefunds — Jaw-dropping numbers that every crypto holder needs to see: 💰🚀
$16 billion recovered (including ~$12 billion cash) to make creditors whole—full repayment + interest. 🎉💰
118% average refund for claims ≤ $50,000 (that’s 98% of users!). 🤑🚀
Reorganization plan live January 3, 2025—payouts via Kraken & BitGo within 60 days. 📅💸
$11.4 billion disbursed to main creditors since May 30, 2025. 🤑📈
KYC deadline: June 1, 2025—392,000 creditors risk losing $2.5 billion if not done. ⏳⚠️
Crypto gains held hostage: $BTC was ~$17,000 at filing vs. >$105,000 today (the estate keeps the upside). 📈💰
Share this now—let’s get the word out! 🚀
$FTT
#crypto #FTX
#blockchain #market
$16 billion recovered (including ~$12 billion cash) to make creditors whole—full repayment + interest. 🎉💰
118% average refund for claims ≤ $50,000 (that’s 98% of users!). 🤑🚀
Reorganization plan live January 3, 2025—payouts via Kraken & BitGo within 60 days. 📅💸
$11.4 billion disbursed to main creditors since May 30, 2025. 🤑📈
KYC deadline: June 1, 2025—392,000 creditors risk losing $2.5 billion if not done. ⏳⚠️
Crypto gains held hostage: $BTC was ~$17,000 at filing vs. >$105,000 today (the estate keeps the upside). 📈💰
Share this now—let’s get the word out! 🚀
$FTT
#crypto #FTX
#blockchain #market
C1
#FTXRefunds
FTX Refunds: A Historic Payout Begins
The FTX Recovery Trust has launched a monumental $5 billion payout to creditors, marking a significant milestone in the cryptocurrency exchange’s bankruptcy saga. Starting May 30, 2025, eligible creditors in the Convenience and Non-Convenience Classes who completed pre-distribution requirements, including KYC and tax obligations, began receiving funds. This second distribution phase follows an initial $1.2 billion payout in February 2025 for smaller claims under $50,000. The process, facilitated by platforms like BitGo and Kraken, aims to restore funds lost during FTX’s 2022 collapse, offering hope to thousands of affected users.$WCT
#FTXRefunds
FTX Refunds: A Historic Payout Begins
The FTX Recovery Trust has launched a monumental $5 billion payout to creditors, marking a significant milestone in the cryptocurrency exchange’s bankruptcy saga. Starting May 30, 2025, eligible creditors in the Convenience and Non-Convenience Classes who completed pre-distribution requirements, including KYC and tax obligations, began receiving funds. This second distribution phase follows an initial $1.2 billion payout in February 2025 for smaller claims under $50,000. The process, facilitated by platforms like BitGo and Kraken, aims to restore funds lost during FTX’s 2022 collapse, offering hope to thousands of affected users.$WCT
FTX Refunds 💵💰🪙
#FTXRefunds
FTX Refunds: A Historic Payout Begins
The FTX Recovery Trust has launched a monumental $5 billion payout to creditors, marking a significant milestone in the cryptocurrency exchange’s bankruptcy saga. Starting May 30, 2025, eligible creditors in the Convenience and Non-Convenience Classes who completed pre-distribution requirements, including KYC and tax obligations, began receiving funds. This second distribution phase follows an initial $1.2 billion payout in February 2025 for smaller claims under $50,000. The process, facilitated by platforms like BitGo and Kraken, aims to restore funds lost during FTX’s 2022 collapse, offering hope to thousands of affected users.
A Complex Recovery Process
The FTX bankruptcy, triggered by fraud and mismanagement, left creditors grappling with losses since November 2022. The Recovery Trust has gathered $11.4 billion in cash to address claims, with payouts calculated using cryptocurrency values from the collapse date, when Bitcoin was around $20,000. This has sparked frustration among creditors, as Bitcoin’s value has surged over 390% since then. Despite this, the structured repayment plan prioritizes smaller claims first, with larger creditors, including institutions, now receiving funds. The process is complicated by a massive volume of claims, including potentially fraudulent ones.
How Creditors Can Claim Funds
To access the $5 billion payout, creditors must log into the FTX claims portal, complete KYC and tax requirements, and select a distribution provider like BitGo or Kraken. The process ensures secure and verified disbursements, with funds expected to reach accounts within days. The payout covers claims both below and above $50,000, with recovery rates ranging from 54% to 120% based on claim type. Creditors are advised to beware of phishing scams posing as FTX communications, emphasizing the need for vigilance during this high-stakes distribution.
Market Implications of the Payout
The $5 billion influx into the crypto market has sparked speculation about its impact. Analysts suggest that reinvested funds could boost market activity, potentially increasing volatility. However, some creditors, wary after FTX’s collapse, may opt for liquidity over reinvestment, potentially exerting selling pressure on assets like Bitcoin and Solana. The payout’s scale is significant, but experts like Markus Thielen of 10x Research argue it may not be a “market-moving catalyst” due to its phased nature. Still, the repayments signal a recovery milestone for the crypto industry.
Creditor Sentiments and Challenges
Creditors like Sunil Kavuri, owed $2 million, express relief but also frustration over the lengthy wait and valuation disputes. Many feel the repayment model, based on 2022 crypto prices, undervalues their losses given the market’s recovery. The process has been slowed by an overwhelming number of claims—reportedly “27 quintillion,” many duplicates or fraudulent. Despite these hurdles, the FTX Recovery Trust’s efforts reflect unprecedented coordination, with bankruptcy attorney Andrew Dietderich highlighting the complexity of managing such a vast creditor base.
Celebrity Endorsements Under Scrutiny
The FTX collapse drew attention to celebrity endorsers like Tom Brady and Stephen Curry, who faced lawsuits from investors. A Florida judge recently dismissed most claims against them, ruling that plaintiffs failed to prove the celebrities knew of FTX’s fraud. This decision underscores the challenges of holding promoters accountable in crypto scandals. While creditors focus on recovering funds, the ruling highlights the broader issue of trust and accountability in cryptocurrency endorsements, leaving investors cautious about future platform promotions.
A Step Toward Industry Recovery
The FTX payouts are seen as a turning point for the crypto industry, which suffered a $9 billion loss from the exchange’s collapse. Industry voices, like Nexo’s Magdalena Hristova, suggest that these repayments could restore confidence, particularly for retail investors. The phased distributions, with plans for additional “catch-up” payments in Q2 2025, demonstrate progress in unwinding FTX’s complex balance sheet. As the crypto market stabilizes, these repayments mark a significant step toward healing the wounds of one of the industry’s darkest chapters.
What’s Next for FTX Creditors?
With the second distribution underway, FTX has set April 11, 2025, as the record date for the next payout phase, expected to commence on May 30, 2025. The estate plans to distribute up to $16 billion in total, with ongoing efforts to resolve disputed claims. Creditors are urged to stay proactive, ensuring compliance with verification requirements to secure their share. As FTX navigates this unprecedented process, the crypto community watches closely, hopeful for closure and renewed trust in the industry’s future.
FTX Refunds: A Historic Payout Begins
The FTX Recovery Trust has launched a monumental $5 billion payout to creditors, marking a significant milestone in the cryptocurrency exchange’s bankruptcy saga. Starting May 30, 2025, eligible creditors in the Convenience and Non-Convenience Classes who completed pre-distribution requirements, including KYC and tax obligations, began receiving funds. This second distribution phase follows an initial $1.2 billion payout in February 2025 for smaller claims under $50,000. The process, facilitated by platforms like BitGo and Kraken, aims to restore funds lost during FTX’s 2022 collapse, offering hope to thousands of affected users.
A Complex Recovery Process
The FTX bankruptcy, triggered by fraud and mismanagement, left creditors grappling with losses since November 2022. The Recovery Trust has gathered $11.4 billion in cash to address claims, with payouts calculated using cryptocurrency values from the collapse date, when Bitcoin was around $20,000. This has sparked frustration among creditors, as Bitcoin’s value has surged over 390% since then. Despite this, the structured repayment plan prioritizes smaller claims first, with larger creditors, including institutions, now receiving funds. The process is complicated by a massive volume of claims, including potentially fraudulent ones.
How Creditors Can Claim Funds
To access the $5 billion payout, creditors must log into the FTX claims portal, complete KYC and tax requirements, and select a distribution provider like BitGo or Kraken. The process ensures secure and verified disbursements, with funds expected to reach accounts within days. The payout covers claims both below and above $50,000, with recovery rates ranging from 54% to 120% based on claim type. Creditors are advised to beware of phishing scams posing as FTX communications, emphasizing the need for vigilance during this high-stakes distribution.
Market Implications of the Payout
The $5 billion influx into the crypto market has sparked speculation about its impact. Analysts suggest that reinvested funds could boost market activity, potentially increasing volatility. However, some creditors, wary after FTX’s collapse, may opt for liquidity over reinvestment, potentially exerting selling pressure on assets like Bitcoin and Solana. The payout’s scale is significant, but experts like Markus Thielen of 10x Research argue it may not be a “market-moving catalyst” due to its phased nature. Still, the repayments signal a recovery milestone for the crypto industry.
Creditor Sentiments and Challenges
Creditors like Sunil Kavuri, owed $2 million, express relief but also frustration over the lengthy wait and valuation disputes. Many feel the repayment model, based on 2022 crypto prices, undervalues their losses given the market’s recovery. The process has been slowed by an overwhelming number of claims—reportedly “27 quintillion,” many duplicates or fraudulent. Despite these hurdles, the FTX Recovery Trust’s efforts reflect unprecedented coordination, with bankruptcy attorney Andrew Dietderich highlighting the complexity of managing such a vast creditor base.
Celebrity Endorsements Under Scrutiny
The FTX collapse drew attention to celebrity endorsers like Tom Brady and Stephen Curry, who faced lawsuits from investors. A Florida judge recently dismissed most claims against them, ruling that plaintiffs failed to prove the celebrities knew of FTX’s fraud. This decision underscores the challenges of holding promoters accountable in crypto scandals. While creditors focus on recovering funds, the ruling highlights the broader issue of trust and accountability in cryptocurrency endorsements, leaving investors cautious about future platform promotions.
A Step Toward Industry Recovery
The FTX payouts are seen as a turning point for the crypto industry, which suffered a $9 billion loss from the exchange’s collapse. Industry voices, like Nexo’s Magdalena Hristova, suggest that these repayments could restore confidence, particularly for retail investors. The phased distributions, with plans for additional “catch-up” payments in Q2 2025, demonstrate progress in unwinding FTX’s complex balance sheet. As the crypto market stabilizes, these repayments mark a significant step toward healing the wounds of one of the industry’s darkest chapters.
What’s Next for FTX Creditors?
With the second distribution underway, FTX has set April 11, 2025, as the record date for the next payout phase, expected to commence on May 30, 2025. The estate plans to distribute up to $16 billion in total, with ongoing efforts to resolve disputed claims. Creditors are urged to stay proactive, ensuring compliance with verification requirements to secure their share. As FTX navigates this unprecedented process, the crypto community watches closely, hopeful for closure and renewed trust in the industry’s future.
See original
#FTXRefunds FTX, a second round of reimbursements of 5 billion dollars will soon begin on May 30
The exchange platform that went bankrupt in 2022 will initiate a second round of reimbursements following the first distribution of payments made in February of this year, which mainly benefited creditors with smaller claims.
This represents an important advance in the asset recovery process after the bankruptcy, which left thousands of users and companies affected. Payments in this second round will be directed to creditors with claims exceeding 50,000 dollars, including both institutional clients and suppliers and business partners, a group that includes large institutional investors and companies that held assets on the platform.
The significance of this new round lies in the fact that it allows progress towards compensating those affected, who have waited for years for the return of their assets.
#FTXRefunds
#FTX
The exchange platform that went bankrupt in 2022 will initiate a second round of reimbursements following the first distribution of payments made in February of this year, which mainly benefited creditors with smaller claims.
This represents an important advance in the asset recovery process after the bankruptcy, which left thousands of users and companies affected. Payments in this second round will be directed to creditors with claims exceeding 50,000 dollars, including both institutional clients and suppliers and business partners, a group that includes large institutional investors and companies that held assets on the platform.
The significance of this new round lies in the fact that it allows progress towards compensating those affected, who have waited for years for the return of their assets.
#FTXRefunds
#FTX
Kraken Just Started Paying Out FTX Creditors
It’s finally happening—Kraken has officially kicked off distributions to FTX creditors.
This comes after a painfully long wait since FTX’s collapse in late 2022. Now, affected users are starting to see some of their funds return, at least if they’re going through Kraken.
Kraken is one of the designated platforms helping with the FTX bankruptcy process, and according to recent updates, they’ve begun issuing the first wave of payouts. It’s a sign that the whole FTX mess is finally moving forward.
No word yet on how much people are actually getting back, or how long the full process will take. But for those who’ve been stuck in limbo for over a year, this is a step in the right direction.
More exchanges involved in the distribution are expected to follow soon. Stay tuned.#FTXRefunds
It’s finally happening—Kraken has officially kicked off distributions to FTX creditors.
This comes after a painfully long wait since FTX’s collapse in late 2022. Now, affected users are starting to see some of their funds return, at least if they’re going through Kraken.
Kraken is one of the designated platforms helping with the FTX bankruptcy process, and according to recent updates, they’ve begun issuing the first wave of payouts. It’s a sign that the whole FTX mess is finally moving forward.
No word yet on how much people are actually getting back, or how long the full process will take. But for those who’ve been stuck in limbo for over a year, this is a step in the right direction.
More exchanges involved in the distribution are expected to follow soon. Stay tuned.#FTXRefunds
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💥 Recovering funds from FTX? Here’s everything you need to know under hashtag #FTXRefunds 💸🔍
Can you really get back 100% of your losses? The shocking details are here!👇
#FTXRefunds
Can you really get back 100% of your losses? The shocking details are here!👇
#FTXRefunds
See original
FTX, a second round of reimbursements of 5 billion dollars is coming starting May 30
The exchange platform that went bankrupt in 2022 will initiate a second round of reimbursements following the first distribution of payments made in February of this year, which mainly benefited creditors with smaller claims.
This represents an important advancement in the asset recovery process after the bankruptcy, which left thousands of users and companies affected. The payments in this second round will be directed to creditors with claims over 50,000 dollars, including both institutional clients and suppliers and business partners, a group that includes large institutional investors and companies that held assets on the platform.
The significance of this new round lies in its ability to move towards compensating the affected parties, who have waited for years for the restitution of their assets.
#FTXRefunds
#FTX
The exchange platform that went bankrupt in 2022 will initiate a second round of reimbursements following the first distribution of payments made in February of this year, which mainly benefited creditors with smaller claims.
This represents an important advancement in the asset recovery process after the bankruptcy, which left thousands of users and companies affected. The payments in this second round will be directed to creditors with claims over 50,000 dollars, including both institutional clients and suppliers and business partners, a group that includes large institutional investors and companies that held assets on the platform.
The significance of this new round lies in its ability to move towards compensating the affected parties, who have waited for years for the restitution of their assets.
#FTXRefunds
#FTX
#FTXRefunds Seeing FTX users finally getting refunds feels like a small win for the space.
A lot of people lost trust during that crash — and even though money can’t fix everything, it’s a start.
I didn’t use FTX, but I remember the fear it brought across the whole crypto world.
Glad people are getting something back 🙏
What do you think — is this a fresh start or too little too late?
A lot of people lost trust during that crash — and even though money can’t fix everything, it’s a start.
I didn’t use FTX, but I remember the fear it brought across the whole crypto world.
Glad people are getting something back 🙏
What do you think — is this a fresh start or too little too late?
#FTXRefunds
FTX, the cryptocurrency exchange that collapsed in November 2022, has initiated repayments to its customers and creditors in 2025. The court-approved reorganization plan took effect on January 3, 2025, with initial distributions prioritizing customers with claims of $50,000 or less. This group comprises over 90% of all creditors involved in the case.   
The first round of repayments began on February 18, 2025, with approximately $1.2 billion distributed to eligible claimants. Subsequent distributions are scheduled, including a significant disbursement of over $5 billion on May 30, 2025. FTX has partnered with crypto firms Kraken and BitGo to facilitate these repayments. Customers are required to complete Know Your Customer (KYC) verification, submit necessary tax forms, and onboard with either Kraken or BitGo to receive their funds.    
Repayments are based on the U.S. dollar value of customer deposits as of November 2022, the time of FTX’s bankruptcy filing. This means customers will not benefit from any subsequent appreciation in cryptocurrency values. For instance, Bitcoin’s value has increased significantly since November 2022, but repayments will reflect its value at that time.
FTX, the cryptocurrency exchange that collapsed in November 2022, has initiated repayments to its customers and creditors in 2025. The court-approved reorganization plan took effect on January 3, 2025, with initial distributions prioritizing customers with claims of $50,000 or less. This group comprises over 90% of all creditors involved in the case.   
The first round of repayments began on February 18, 2025, with approximately $1.2 billion distributed to eligible claimants. Subsequent distributions are scheduled, including a significant disbursement of over $5 billion on May 30, 2025. FTX has partnered with crypto firms Kraken and BitGo to facilitate these repayments. Customers are required to complete Know Your Customer (KYC) verification, submit necessary tax forms, and onboard with either Kraken or BitGo to receive their funds.    
Repayments are based on the U.S. dollar value of customer deposits as of November 2022, the time of FTX’s bankruptcy filing. This means customers will not benefit from any subsequent appreciation in cryptocurrency values. For instance, Bitcoin’s value has increased significantly since November 2022, but repayments will reflect its value at that time.
See original
#FTXRefunds Complex Recovery Process
The FTX bankruptcy, triggered by fraud and mismanagement, has left creditors grappling with losses since November 2022. The Recovery Trust has gathered $11.4 billion in cash to address claims, with payments calculated using the cryptocurrency value from the date of collapse, when Bitcoin was around $20,000. This has sparked frustration among creditors, as the value of Bitcoin has surged over 390% since then. Nevertheless, the structured payment plan prioritizes smaller claims first, with larger creditors, including institutions, now receiving funds. The process is complicated by the extremely large volume of claims, including potentially fraudulent claims.$WCT
The FTX bankruptcy, triggered by fraud and mismanagement, has left creditors grappling with losses since November 2022. The Recovery Trust has gathered $11.4 billion in cash to address claims, with payments calculated using the cryptocurrency value from the date of collapse, when Bitcoin was around $20,000. This has sparked frustration among creditors, as the value of Bitcoin has surged over 390% since then. Nevertheless, the structured payment plan prioritizes smaller claims first, with larger creditors, including institutions, now receiving funds. The process is complicated by the extremely large volume of claims, including potentially fraudulent claims.$WCT
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#FTXRefunds
Hashtag #FTXRefunds
Has become a destination for thousands waiting to retrieve their funds after the FTX crisis.
It's not just a follow-up tool 👌 it's a space that brings together the affected and conveys the latest updates in a direct and transparent manner. Many people share their experiences, discuss solutions, and search for hope amidst the complexity. If you are one of those affected or interested in the world of crypto, you must follow this hashtag and see how the story hasn't ended yet.
Hashtag #FTXRefunds
Has become a destination for thousands waiting to retrieve their funds after the FTX crisis.
It's not just a follow-up tool 👌 it's a space that brings together the affected and conveys the latest updates in a direct and transparent manner. Many people share their experiences, discuss solutions, and search for hope amidst the complexity. If you are one of those affected or interested in the world of crypto, you must follow this hashtag and see how the story hasn't ended yet.
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#FTXRefunds FTX, after its collapse in November 2022, began compensating its clients after a court approved its bankruptcy plan in October 2024. The platform has allocated 18 billion dollars for reimbursements.
🔹 Summary of the compensation plan
- Reimbursements: Clients with balances less than 50,000 dollars will receive up to 118% of their original balance.
- Timeline: First payment made on February 18, 2025, followed by payments on April 11 and May 30.
- Distribution: FTX partnered with BitGo and Kraken to process the payments, requiring KYC verification and tax forms.
- Additional interest: Creditors will receive 9% interest on their claims since November 2022.
This process aims to alleviate the impact of the bankruptcy and restore confidence in the crypto ecosystem.
🔹 Summary of the compensation plan
- Reimbursements: Clients with balances less than 50,000 dollars will receive up to 118% of their original balance.
- Timeline: First payment made on February 18, 2025, followed by payments on April 11 and May 30.
- Distribution: FTX partnered with BitGo and Kraken to process the payments, requiring KYC verification and tax forms.
- Additional interest: Creditors will receive 9% interest on their claims since November 2022.
This process aims to alleviate the impact of the bankruptcy and restore confidence in the crypto ecosystem.
See original
#FTXRefunds #
The failed cryptocurrency platform FTX began compensating its clients after its collapse in November 2022. A bankruptcy plan was approved by a U.S. court in October 2024, paving the way for the distribution of up to $16.5 billion to clients.
Compensation Plan Details
Refunds: Clients with balances under $50,000 will receive compensation of up to 118% of their balances in U.S. dollars as they were in November 2022, which represents the vast majority of users.
Timeline: The first batch of compensations started on February 18, 2025, with subsequent payments scheduled for April 11 and May 30.
Distribution Mechanism: FTX collaborated with the platforms BitGo and Kraken to distribute the funds, requiring clients to submit "Know Your Customer" documents and the necessary tax forms.
$XRP $BNB
The failed cryptocurrency platform FTX began compensating its clients after its collapse in November 2022. A bankruptcy plan was approved by a U.S. court in October 2024, paving the way for the distribution of up to $16.5 billion to clients.
Compensation Plan Details
Refunds: Clients with balances under $50,000 will receive compensation of up to 118% of their balances in U.S. dollars as they were in November 2022, which represents the vast majority of users.
Timeline: The first batch of compensations started on February 18, 2025, with subsequent payments scheduled for April 11 and May 30.
Distribution Mechanism: FTX collaborated with the platforms BitGo and Kraken to distribute the funds, requiring clients to submit "Know Your Customer" documents and the necessary tax forms.
$XRP $BNB
#FTXRefunds
FTXRefunds: Repayments Have Begun!
After a long wait, FTX has officially started repaying customers, beginning in February 2025. The first round of distributions focuses on "convenience class" creditors—those with claims under $50,000.
Key Highlights:
Payouts are made in USD.
Valuations are based on crypto prices from November 2022, when FTX filed for bankruptcy.
While this may not fully match current crypto values, it's a major step toward closure for affected users. If you had a claim, keep an eye on official FTX communications and your registered email for updates. More repayment waves are expected in the coming months as the process continues.
#FTX
#CookerClub
#long
FTXRefunds: Repayments Have Begun!
After a long wait, FTX has officially started repaying customers, beginning in February 2025. The first round of distributions focuses on "convenience class" creditors—those with claims under $50,000.
Key Highlights:
Payouts are made in USD.
Valuations are based on crypto prices from November 2022, when FTX filed for bankruptcy.
While this may not fully match current crypto values, it's a major step toward closure for affected users. If you had a claim, keep an eye on official FTX communications and your registered email for updates. More repayment waves are expected in the coming months as the process continues.
#FTX
#CookerClub
#long
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