#FTXRefunds Update on FTX Refund – May 2025

FTX has begun its second major round of refunds to customers starting May 30, 2025, marking a significant milestone in its bankruptcy proceedings.

💰 Refund Details

• Total Funds for Distribution: Over $5 billion will be distributed in this phase.

• Eligible Creditors: This round targets creditors with claims over $50,000, including those classified under Class 5 and Class 6 claims.

• Recovery Rates:

• Small Unsecured Creditors: Approximately 61% recovery.

• Counterparties and Alameda Research Vendors: Between 54% and 72% recovery.

• Intercompany Claims: Up to 120% recovery.

• Distribution Partners: Kraken and BitGo are facilitating fund transfers, which should be completed within 1 to 3 business days from the distribution date.