#FTXRefunds of May 31, 2025, FTX has initiated its second major round of creditor repayments, distributing over $5 billion to eligible claimants. This follows the initial $7 billion repayment in February and is part of a broader effort to return approximately $16.5 billion to customers affected by the exchange's collapse in November 2022.

Repayment Details

Distribution Channels: Funds are being disbursed through Kraken and BitGo, with recipients expected to receive payments within one to three business days.

Creditor Classes: The repayments cover four classes of creditors, with recoveries ranging from 54% to 120% of their original claims, based on the U.S. dollar value at the time of FTX's collapse.

Convenience Class: Approximately 98% of FTX customers, those with claims of $50,000 or less, are expected to receive at least 118% of their claim value.

Technical Analysis

The FTX Token (FTT) is currently trading at $1.079, reflecting a 12.28% decline from the previous close. The intraday high and low are $1.24 and $1.062, respectively. The recent price movement suggests market volatility, possibly influenced by the ongoing repayment process and broader market conditions.

Analysts note that the distribution of repayments in stablecoins provides recipients with immediate liquidity, which could influence reinvestment decisions and impact market dynamics.

Outlook