#CryptoComeback FTX announced the next round of reimbursements for May

The bankrupt exchange started paying its creditors on February 18, more than two years after its dramatic collapse.

FTX has announced plans for the upcoming reimbursements to the creditors of the bankrupt cryptocurrency exchange after initiating its first round of reimbursements on February 18.

According to an announcement on February 18, the next reimbursement distribution will take place on May 30, 2025, for holders of allowed claims of "Class 5 Customer Entitlement Claims and Class 6 General Unsecured Claims." This includes customers who had assets on the platform when it collapsed and other creditors, such as suppliers and business partners.

The next round of FTX payments requires creditors to have verified claims before April 11, the deadline to qualify for the distribution.

According to Sunil Kavuri, a creditor of FTX and advocate, the payment round that will begin in May will include claims worth over $50,000. These creditors must choose a distribution agent before April 11, Kavuri added.