FTX announces $5b second distribution to eligible creditors

FTX plans to commence a $5 billion second distribution to eligible creditors on May 30, 2025.

FTX Trading Ltd. and the FTX Recovery Trust announced the upcoming distribution via a press release on May 15. The $5 billion set for distribution will go to holders of allowed claims under the collapsed crypto exchange’s Chapter 11 reorganization plan.

This second tranche of distributions will cover eligible creditors in both the Convenience and Non-Convenience Classes. However, disbursement is limited to FTX creditors who have completed the required pre-distribution processes.