#FTXRefunds The bankruptcy reimbursement plan of FTX is underway, aiming to distribute over $16.5 billion to creditors, with $1.2 billion already paid through its subsidiary in the Bahamas. Nearly 98% of creditors will receive 119% of the value of their claims since November 2022, when FTX collapsed. However, 400,000 users risk losing $2.5 billion if they do not meet the KYC deadline on June 1, 2025. Payments prioritize claims under $50,000, but larger creditors are awaiting updates. Although the plan offers relief, some customers are frustrated as reimbursements do not reflect the recent price increases of cryptocurrencies. FTX's recovery efforts mark a significant milestone in addressing one of the largest failures in the cryptocurrency world.