#FTXRefunds The FTX refund process, known as #FTXRefunds, has officially begun returning funds to creditors affected by the platform's bankruptcy in November 2022. As of May 30, 2025, payments of over $5 billion have been initiated, managed through the Kraken and BitGo platforms, with estimated receipt times of 1 to 3 business days.

Key details of the refund process:

Claim valuation: Refunds are calculated based on the value of assets at the time of bankruptcy, that is, November 2022, and are paid in USD or stablecoins.

Recovery rates:

Small creditors (claims under $50,000): up to 118% of the claimed value.