If you lost money in the FTX ($FTT ) crypto crash, there’s finally some good news 🎉. FTX and the FTX Recovery Trust have announced they’re paying back more than $5 billion to users starting May 30, 2025 💵. This is part of their second big payout round under the bankruptcy plan after the exchange collapsed in November 2022. The funds will be sent out via Kraken and BitGo to people who completed all the steps like KYC and choosing their payout provider ✅.
This second payout is over four times bigger than the first round in February, which saw $1.2 billion returned to smaller creditors 🧾. In this round, customers could receive between 54% and 120% of their original claim, depending on their category 📊. Some of the biggest winners? Class 7 (smaller claims) could get 120% back, while Dotcom Class 5A claims will get about 72% 💥. That means many users might actually walk away with more than they lost — although it’s based on crypto prices from 2022, not today 😬.
💡 It’s a huge milestone, and the man in charge, John J. Ray III, says this proves how well the recovery process has gone so far. With up to $16 billion ready for future payouts, FTX is working hard to pay back everyone who’s owed money 🧑⚖️. Just a heads up though — only those who’ve finished all the pre-payment steps (KYC, tax forms, etc.) will get paid. And if you sold your claim to someone else, they’ll be the ones getting the money 💼.
But what’s next? Some experts say this $5B injection into the hands of former FTX users might spark a new crypto buying spree 🔥. With Bitcoin $BTC over $100K and altcoins pumping, many might just throw their payout right back into the market 💹. This could create another bullish wave across the crypto space — but of course, not everyone’s convinced 📉.
Lastly, while people celebrate the cash, the legal chapter is mostly closed. FTX’s ex-CEO Sam Bankman-Fried is already in prison for 25 years, along with his top team who helped him mismanage billions 😡. But for everyday users, this week marks hope, relief, and maybe a crypto comeback 🚀💰. If you’re eligible, check your FTX portal ASAP — your long-awaited refund might already be on its way! 📨🍾