$TRX Crypto news updates: 

FTX to begin creditor repayments on May 30, sparking token valuation concerns

FTX will start repaying major creditors on May 30, distributing funds from its $11.4 billion reserve. The exchange, which filed for bankruptcy in November 2022, is offering payouts that could reach 118% per claim. However, the repayments are calculated based on crypto prices at the time of bankruptcy, not accounting for significant price increases since then.$TRX