#FTXrepayment
FTX has officially commenced repayments to creditors, marking a significant milestone following its 2022 collapse23. The initial phase, which began on February 18, 2025, prioritizes claims of $50,000 or less36. Approximately 98% of creditors fall into this category and are expected to receive at least 118% of their claim value in cash13.
The next round of repayments is scheduled for May 30, 2025, and will include those with claims exceeding $50,00019. To qualify, creditors must have their claims verified by April 11, 2025, and those with larger claims need to select a distribution agent by this date19.
The repayment process is facilitated through Kraken and BitGo, requiring creditors to complete KYC verification and submit necessary tax forms13. The distribution's total value is estimated between $14.5 billion and $16.3 billion, with 9% post-petition interest added to bridge the financial gap12.