FTX Plans to Distribute $5 Billion to Creditors on May 30
FTX has announced that it will pay $5 billion to creditors with approved claims before April 11, 2025, on May 30.
To be eligible for the payment, creditors must have had their claims approved by April 11, 2025. They are also required to complete identity verification (KYC), submit the necessary tax forms, and select a distribution service provider. This round of payouts prioritizes claims valued over $50,000. Creditors who missed earlier distributions but completed the required steps before the April deadline will also be included.
Those selecting Kraken or BitGo as their distribution partner will receive funds within 1–3 business days after May 30. Previously, FTX disbursed around $800 million to creditors with claims under $50,000, and another $400 million payout to this group is expected by the end of 2025.
All payouts are based on asset valuations as of November 2022, when FTX filed for bankruptcy, not current market prices. As a result, many analysts believe this influx of capital could trigger a new “altcoin season” as creditors reinvest to recover losses.
FTX has so far recovered between $14.7 billion and $16.5 billion in total assets. The bankruptcy estate estimates that 98% of eligible creditors will receive at least 118% of their original claim value, in cash — though still calculated based on the 2022 asset prices.
FTX has warned that creditors who do not complete the necessary procedures by June 1 risk forfeiting their claims. The platform urges all involved parties to check their status via the official claims portal
