#FTXRefunds :- FTX refunds are underway, with a total fund distribution estimated between $14.7 billion and $16.5 billion. Here's what you need to know ¹:

Refund Timeline

- *Initial Refund*: Started on February 18, 2025, with a 60-day window for processing payments.

- *Second Refund Cycle*: Begins on May 30, 2025, distributing over $5 billion to eligible creditors.

Eligibility Criteria

- *Claims under $50,000*: Prioritized, with refunds expected to be completed within 60 days.

- *Other Creditors*: Will receive repayments ranging from 54% to 102% of their asset values at the time of FTX's collapse.

Refund Process

- *KYC Verification*: Eligible creditors must complete Know Your Customer verification and submit tax forms.

- *Refund Distribution*: Managed by BitGo and Kraken, with funds expected to reach creditors within 1-3 business days.

- *Payment Options*: Refunds can be received in USD or stablecoin.

Key Groups

- *Class 5 Creditors*: Alameda Research lenders and service providers will recover 54-72% of their claims.

- *Internal Subsidiary Claims*: Settled at 120% ².