FTX to Distribute Over $5 Billion to Creditors by May 2025
- FTX plans to distribute more than $5 billion to creditors starting May 30, 2025.
- Payments will be processed through BitGo or Kraken, arriving within 1 to 3 business days.
- The second distribution targets creditors with claims exceeding $50,000.
- FTX has earmarked approximately $11.4 billion for creditor repayments under CEO John Ray III.
- Payment rates vary: Dotcom Customer Claims at 72%, US Customer Claims at 54%, General Unsecured and Digital Asset Loan Claims at 61% each, and Convenience Claims at 120%.
FTX’s second payout phase aims to distribute over $5 billion starting May 30, focusing on larger claims exceeding $50,000. Payments will be made via BitGo or Kraken within a few business days.
Source (2.6)https://cryptobriefing.com/ftx-creditor-payout-second-round/?rand=59535
