FTX plans to pay over $5 billion to creditors beginning May 30, 2025. Creditors with claims over $50,000 will receive 72.5% upfront, as part of a total $9.7 billion distribution by the FTX Recovery Trust.
The second major repayment cycle follows an initial distribution of $4.7 billion in March 2025, involving custodians like Kraken and BitGo for fund security.
Ongoing debates within the crypto community focus on the valuation date of November 2022, which affects creditor recovery. The FTX approach may influence future insolvency procedures in the crypto industry.
Full story here: https://coincu.com/338786-ftx-billion-creditor-repayment-may-30
