FTX will repay over $5 billion to creditors on May 30, marking the largest single-day distribution in crypto bankruptcy history. Eligible creditors—who had approved claims by April 11, 2025, and completed KYC, tax forms, and provider selection—will receive payment based on asset values at the time of FTX’s collapse in November 2022. Around 98% of claimants are expected to recover at least 118% of their original claim in cash. The event could trigger a new altcoin wave.