๐จ #FTXRefunds Update | Historic $5B Payout Begins ๐ธ
The FTX Recovery Trust has officially kicked off a massive $5 billion distribution to creditors โ one of the biggest refund events in crypto history.
๐ Start Date: May 30, 2025
๐ฏ Who's Eligible?
โ๏ธ Convenience & Non-Convenience Classes
โ๏ธ Must have completed KYC + tax compliance
๐ฐ Phase Breakdown:
๐น Phase 1: $1.2B paid in Feb 2025 to smaller claims (< $50K)
๐น Phase 2 (Now): $5B for verified larger claimants
โ๏ธ Refunds are being processed via BitGo, Kraken, and other platforms.
This move marks a turning point in the FTX 2022 collapse recovery โ finally delivering justice to thousands of affected users.
๐ A big win for crypto accountability.
๐ Keep an eye on sentiment shifts as $WCT and related assets react.
