FTX Begins $5 Billion Repayment Process!
The “FTX Recovery Trust,” established after the bankruptcy, officially began its second repayment process of $5 billion as of May 30. Payments are being made through BitGo, Kraken, and other designated platforms.
📌 The first payments began arriving within 1-3 business days.
📌 Creditors are receiving payments ranging from 54% to 120% based on their approved claims.
📌 Payments are being made in USD based on November 2022 prices.
📌 Institutional investors and assets held on exchanges are being prioritized.
This development is considered the most significant user repayment process since FTX's bankruptcy. Details regarding the third round of payments will be announced in mid-June.
