FTX announced that on May 30, 2025, it will pay creditors over $5 billion.
The payout will only cover claims with 'Allowed' status as of April 11, 2025, and eligible creditors must have completed the KYC process, submitted tax forms, and chosen a distributor (Kraken or BitGo). Amounts will be settled at prices from November 2022, not current quotes – similar to previous payouts totaling over $1.2 billion to smaller creditors.
The FTX bankruptcy estate is estimated at $14.7–16.5 billion, which allows for the satisfaction of about 98% of creditors at a level of at least 118% of the value of their original claims.
Analysts predict that the influx of such large capital could trigger an altcoin season as the recovered funds return to the cryptocurrency market.