#FTXRefunds FTX refunds are progressing in two phases¹ ²:

- *First Phase:* Payments for claims under $50,000 began on February 18, 2025, with approximately $1.2 billion distributed, allowing creditors to recover 119% of their investment.

- *Second Phase:* A $5 billion payout started on May 30, 2025, targeting eligible creditors with up to 72% payouts for certain claims, processed through Kraken and BitGo.

To claim your refund, follow these steps:

- *Step 1:* Log in to the FTX Claims Portal ((link unavailable)) with your old FTX email address.

- *Step 2:* Upload required documents, including account balance and transaction history, and a passport or ID for identity verification.

- *Step 3:* Confirm your request and submit it.

- *Step 4:* Track the status of your payment on the portal.

*Important Details:*

- Payments are made via secure wallets integrated with BitGo.

- Creditors must complete KYC processes and verify their identity.

- Claims under $50,000 are paid at 119%, while larger claims have varying payout percentages.

- Creditors in 163 countries, including Pakistan, remain ineligible for payouts due to regulatory restrictions.