#FTXRefunds

📢 FTX Refund Update – May 2025

FTX has initiated its second major round of customer repayments as of May 30, 2025, marking a significant milestone in its bankruptcy proceedings.

💰 Repayment Details

• Total Funds for Distribution: Over $5 billion will be distributed in this phase.

• Eligible Creditors: This round targets creditors with claims exceeding $50,000, including those categorized under Class 5 and Class 6 claims.

• Recovery Rates:

• Small Unsecured Creditors: Approximately 61% recovery.

• Alameda Research Counterparties and Vendors: Between 54% and 72% recovery.

• Intercompany Claims: Up to 120% recovery. 

• Distribution Partners: Kraken and BitGo are facilitating the fund transfers, expected to be completed within 1 to 3 business days from the distribution date.