#FTXRefunds FTX is currently in the process of refunding customers following its bankruptcy. Here's a summary of the key information regarding FTX refunds:

Current Status and Timeline:

* Distributions Underway: FTX has commenced distributions to holders of allowed claims.

* Convenience Class First: Initial repayments prioritized the "convenience classes," primarily customers with claims of $50,000 or less. These payments began in early 2025 (some sources indicate February 18, 2025).

* Second Distribution: FTX announced a second distribution of over $5 billion to creditors on May 30, 2025. This includes various classes beyond the convenience class. Eligible creditors should expect to receive funds within 1 to 3 business days from this date.

* Larger Claims: For larger claims exceeding $50,000, distributions are expected to continue in the second quarter of 2025.

* Overall Repayment Goal: The approved reorganization plan aims to return approximately 119% of the claimed account value to 98% of users, based on the U.S. dollar-value of customer deposits as of November 2022.

How to Claim FTX Refunds:

* Access the FTX Claims Portal: Navigate to the official FTX Customer Claims Portal at https://claims.ftx.com.

* Select Your Platform: Choose the platform you used (e.g., FTX.com, FTX US, FTX EU, FTX Japan, Liquid, or Blockfolio).

* Log In: Use your FTX account username and password. You may need to complete MFA (Multi-Factor Authentication) or verify your email.

* Complete KYC Verification: Submit government-issued ID and any other requested documents for Know Your Customer (KYC) verification. You can proceed with claim submission even if KYC is "On Hold" but it needs to be completed for distributions.