Amount Distributed: Over $5 billion
Processing Time: Funds are expected to reach eligible creditors within 1 to 3 business days.
Recovery Rates by Claim Category
Dotcom Customer Entitlement Claims: Approximately 72% recovery
US Customer Entitlement Claims: Approximately 54% recovery
These percentages are based on the U.S. dollar value of customer holdings at the time of FTX’s collapse in November 2022.
Distribution Mechanism
Custodians: Distributions are being facilitated through BitGo and Kraken
Requirements for Creditors: Eligible creditors must have completed necessary KYC verification and submitted required tax documentation PR.
Total Recovery Efforts
Including this second distribution, FTX has returned approximately $9.7 billion to creditors. The total recovery pool is projected to reach up to $16 billion, contingent upon the resolution of ongoing asset recoveries and legal proceedings Brave New Coin
