#ETHCrossed2500 FTX announced the next round of reimbursements for May

The bankrupt exchange began 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 starting 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 that creditors have verified claims by April 11, the deadline to qualify for the distribution.

According to Sunil Kavuri, an FTX creditor and advocate, the payment round starting in May will include claims worth over $50,000. These creditors will need to choose a distribution agent by April 11, Kavuri added.