#FTXRefunds

The FTX Recovery Trust is set to distribute over $5 billion to creditors starting May 30, 2025. This follows a previous payout of $1.2 billion in February. Eligible creditors may receive up to 120% of their original claims, depending on the class of their claims.

To qualify for these funds, creditors must complete Know Your Customer (KYC) verification and submit necessary tax forms through the FTX Customer Portal. The distribution will be managed by Kraken and BitGo, with payments processed within one to three business days after the distribution begins.

This repayment process is a significant step toward recovery for nearly 400,000 users, although many are concerned about missing out on recent crypto price surges. The recovery trust has successfully reclaimed between $14.7 billion and $16.5 billion in assets, allowing for substantial payouts to creditors.