The bankrupt cryptocurrency exchange FTX will distribute over $5 billion among creditors. This will become one of the largest one-time payments in the history of the crypto industry. Analysts believe that this event could trigger a rally in the altcoin market.
Creditors whose claims were confirmed as of April 11, 2025, will be able to receive payment from FTX. They needed to go through the 'Know Your Customer' (KYC) procedure, provide tax forms, and choose a provider to process the payment.
