FTX Distributes $5 Billion to Claim Holders

FTX Commences $5 Billion Distribution to Claim Holders

• FTX has initiated a second distribution of over $5 billion under its Chapter 11 Plan.
• Allowed Class 5A Dotcom Customer Claims receive a 72% payout, while Class 5B U.S. Customer Claims get 54%.
• Class 6A General Unsecured and Class 6B Digital Asset Loan Claims are allocated a 61% distribution rate.
• Class 7 Convenience Claims receive a full payout at 120% of their claim value.
• Payments are processed through Kraken and BitGo using stablecoins USDC and USDT.

This distribution is part of FTX’s ongoing effort to repay creditors following its collapse, with payments expected within one to three business days from May 30.