FTX will repay creditors over $5 billion on May 30, which will become the largest single-day distribution in cryptocurrency bankruptcy history. Eligible creditors must have approved claims by April 11, 2025, and complete KYC, tax forms, and distribution channel selection; the distribution amount will be based on FTX's asset valuation at the time of its bankruptcy in November 2022. Approximately 98% of creditors are expected to receive at least 118% cash repayment. This distribution may trigger a new wave of altcoin frenzy.