BlockBeats news, on May 16, according to Reuters, the main repayment of FTX will begin on May 30, for the second distribution to creditors, with total distribution funds exceeding $5 billion. FTX has previously made the first repayment distribution to small creditors in the Convenience Classes under the Chapter 11 restructuring plan.
BlockBeats previously reported that FTX creditor representative Sunil stated that Kraken has begun sending emails to FTX users, confirming that the next round of FTX compensation distribution will be on May 30, 2025. This distribution covers claims under and over $50,000.
