🚨🚨FTX Recovery Trust to Distribute $5 Billion in Second Payout — Hope Returns for Creditors

In a long-awaited development, the FTX Recovery Trust has officially announced that more than $5 billion will be distributed to creditors on May 30, 2025, as part of the second repayment phase. This marks a significant milestone in one of the most high-profile bankruptcy proceedings in crypto history, following the dramatic collapse of FTX in late 2022.

The first distribution earlier this year restored partial confidence among victims, but the second payout is seen as a critical turning point. According to the Trust, this round of payments was made possible through asset liquidations, successful legal recoveries, and the appreciation of previously held crypto assets during the latest market rally.

This distribution will reach thousands of individual and institutional creditors, many of whom have been waiting over two years for financial relief. While the exact recovery percentages vary based on individual claims, the cumulative recovery amount now approaches $9 billion—a figure that seemed impossible just a year ago.

However, some experts caution that despite this positive news, many creditors are still far from being made whole. The total outstanding claims exceed $16 billion, leaving a significant gap. The Recovery Trust stated that it continues working aggressively to pursue remaining assets and recover misappropriated funds, with future distributions under consideration.

For the crypto industry, this event serves as both a reminder of the systemic risks associated with centralized platforms and a case study in complex recovery efforts.

Will the final chapter of the FTX collapse be one of full restitution, or will creditors have to settle for partial recovery and hard-learned lessons about custody and risk management?#AMAGE