FTX Set to Distribute Over $5 Billion in Major Repayment to Creditors Starting May 30, 2025

In a significant development for creditors of the beleaguered cryptocurrency exchange FTX, major repayments are set to commence on May 30, according to COINOTAG News. As part of the Chapter 11 restructuring plan, this distribution will allocate over $5 billion to affected stakeholders, focusing primarily on those with claims below and above $50,000. Previously, FTX had prioritized smaller creditors, ensuring that this second wave of payments broadens the relief offered to its clientele. Additionally, representatives for FTX creditors, including Sunil, have confirmed that Kraken is proactively communicating with users via email to notify them of the impending compensation. This initiative marks a crucial step in restoring some financial stability to those impacted by the exchange’s turbulent past, highlighting the ongoing evolution within the crypto industry and its recovery mechanisms.