As of February 19, 2025, the FTX exchange has officially launched the user compensation program. The first round of compensation took place on February 18, primarily targeting creditors with claims not exceeding $50,000, with a compensation ratio of approximately 119%, totaling around $1.2 billion. It is expected that 98% of creditors will receive a compensation ratio between 118% and 143%.

The next round of compensation is scheduled to begin on May 30, 2025, applicable to holders of Class 5 customer equity claims and Class 6 general unsecured claims. Creditors must confirm their claim eligibility by April 11, 2025.

It is worth noting that the compensation amount is calculated based on the account balances at the time of FTX's bankruptcy in November 2022. Given that the cryptocurrency market has experienced significant increases since then, some creditors may feel that the actual compensation amount does not reflect the current market value.

Additionally, FTX founder Sam Bankman-Fried has been sentenced to 25 years in prison for fraud and other charges.