US Edition
FTX Recovery Trust to Distribute More than $5 Billion to Creditors in Second Distribution on May 30, 2025
- FTX will begin its second distribution to creditors on May 30, 2025, paying over $5 billion to eligible claimants.
- This distribution follows initial payouts in February for claims under $50,000 and focuses on claims exceeding that amount as part of bankruptcy resolution.
- Payments will be made through authorized providers BitGo or Kraken, with creditors anticipated to receive their funds between one and three business days following May 30.
- FTX estimates repayment rates of 72% for Dotcom Customers, 54% for US Customers, and 61% for General Unsecured and Digital Asset Loan Claims, with Convenience Claims receiving 120%.
- FTX CEO John Ray III described the distributions as an important milestone reflecting successful recovery efforts, while the process remains unprecedented in scope.
45 Articles
45 Articles
FTX to pay $5B to creditors as part of defunct crypto exchange's recovery plan (FTT-USD:Cryptocurrency)
FTX (FTT-USD), the now-defunct crypto exchange founded by convicted felon Sam Bankman-Fried, is returning more than $5B to creditors starting May 30, as part of its broader recovery plan to manage assets for creditor repayments.
FTX Creditors Set To Receive Another $5 Billion In Settlements – Here’s What They’re Buying
After months of legal battles and uncertainty, FTX creditors are finally getting some relief, with a fresh $5 billion in settlements headed their way. But the real story isn’t just about refunds, it’s about where this money is flowing next. While many assume FTX creditors will go into BTC, ETH, or even stocks, insider chatter […] The post FTX Creditors Set To Receive Another $5 Billion In Settlements – Here’s What They’re Buying appeared first o…
Next FTX Distribution of Settlement Amounting to Over $5B is Scheduled for 30th May 2025
The next FTX distribution of over $5 billion to eligible creditors is scheduled to begin on May 30, 2025. Payments will be processed through BitGo or Kraken, with funds expected to reach creditors within 1 to 3 business days. The upcoming FTX distribution of over $5 billion, set for May 30, 2025, carries significant implications […] The post Next FTX Distribution of Settlement Amounting to Over $5B is Scheduled for 30th May 2025 appeared first o…
FTX to Distribute $5.4 Billion Pay to Creditors Beginning May 30
FTX will distribute $5.4 billion to creditors beginning May 30 from $11.4 billion in reserves. 98% of customers will receive about 119% of their original claim value. Payouts are supported by FTX’s 8% stake in AI firm Anthropic and crypto price gains. Bankrupt crypto exchange FTX is set to disburse $5.4 billion to eligible creditors starting May 30. The announcement follows months of preparations and court approvals. Payments will be processed t…
FTX’s Costly Early Exits: A $7.6 Billion Missed Opportunity
FTX, which was once a prominent player in the cryptocurrency sector, still shows signs of basic errors that have contributed to its collapse. One of the most apparent blunders was selling too soon its early-stage, high-potential partnership investments. Those decisions have likely set the exchange back to the tune of billions in unrealized gains (the crypto community is now left to wonder if these were really “partnership” decisions made under p…
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