#FTXRefunds 📢 #FTXRefund Update – June 2025
FTX has commenced customer repayments following its November 2022 collapse. Here's the latest on the refund process:
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🔄 Repayment Timeline
Initial Repayments: Began on February 18, 2025, targeting customers with claims up to $50,000. These customers are expected to receive approximately 118% of their claim value, accounting for interest accrued since November 2022.
Next Distribution: Scheduled for May 30, 2025, focusing on:
Customers with claims over $50,000
Previously disputed claims that have been resolved
General unsecured creditors
To be eligible for this round, claims must have been approved by April 11, 2025.
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💰 Recovery Details
Total Funds Recovered: Between $14.7 billion and $16.5 billion.
Repayment Basis: Calculated based on the USD value of assets as of November 2022. This means customers will not benefit from subsequent cryptocurrency market gains.
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✅ Steps to Ensure Your Refund
1. Verify Your Claim: Check the status on the FTX Customer Claims Portal.
2. Complete KYC and Tax Forms: Ensure all identity verification and tax documentation is submitted.
3. Select a Distribution Agent: Choose between Kraken or BitGo and complete the necessary onboarding.
4. Stay Informed: Monitor official communications for updates and be cautious of phishing attempts.
