🔥 FTX announces the second round of refunds totaling over 5 billion USD
After nearly 3 years of collapse, FTX will begin paying out more than 5 billion USD to creditors starting from May 30, marking the second phase in the recovery process following the historic bankruptcy.
- Major creditor groups will be reimbursed between 54% to 102% depending on the classification of claims.
- Kraken and BitGo will handle payments within 1–3 business days.
- This is the next phase following the disbursement of 1.2 billion USD last February.
🔎 CEO John J. Ray III describes this as an "unprecedented milestone" – showcasing the restructuring capability of one of the most shocking bankruptcies in crypto history.
