#FTXRefunds

Here is a comprehensive update on the refund process from the bankrupt FTX platform, known as **#FTXRefunds**, as of June 2025:

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### 💰 Phase One: Refund of Small Payments

* **Start Date:** February 18, 2025

* **Target Category:** Creditors with claims under $50,000 (known as the "facilitation category")

* **Refund Rate:** 100% of the claim value plus 9% interest calculated from November 11, 2022, until the payment date ([RR2 Capital][1], [Cointribune][2], [Mudrex][3])

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### 💼 Phase Two: Refund of Large Payments

* **Start Date:** May 30, 2025

* **Target Category:** Creditors with claims exceeding $50,000

* **Total Distribution Amount:** Over $5 billion

* **Receiving Duration:** Qualified creditors are expected to receive their funds within 1 to 3 business days after May 30, 2025 ([PR Newswire][4], [X (formerly Twitter)][5])

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### 🧾 Eligibility Requirements

To ensure the receipt of payments, creditors must:

* Complete the identity verification process (KYC)

* Provide a valid tax form

* Select a distribution service provider (such as BitGo or Kraken)

* Pass the sanctions screening ([Mudrex][3])

These steps must be completed before **April 11, 2025**, to be eligible for distribution on May 30. Non-compliance may result in the loss of the right to a refund. ([support.ftx.com][6])

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