As of May 31, 2025, FTX has commenced its second major round of creditor repayments, distributing over \$5 billion in cash and stablecoins. This follows an initial \$7 billion payout in February to smaller claimants. The current disbursements, managed through BitGo and Kraken, are expected to reach eligible creditors within one to three business days, offering recoveries ranging from 54% to 120% of original claims based on their USD value at the time of FTX's collapse in November 2022 . Analysts suggest this wave of repayments could positively influence the crypto market, as recipients may reinvest their funds .