FTX creditors to receive more than 5 billion dollars starting from May 30

FTX Recovery Trust has announced that it will start spending more than $ 5 billion for creditors from May 30.

The payment round represents this second distribution of the qualified parties, as the company continues its efforts to pay the affected people from its collapse.

Payment efforts

May 15 ReleaseThe company’s bankruptcy company classified creditors in five “comfort classes” with specific payment rates. The 5A creditors will receive 72 % distribution, while 54 % of the 5B category will be paid.

6A and 6B seasons, which consist of young lenders and Alaameda research partners, each of which is assigned to 61 % distributions. Finally, it will receive a 720 % amenities of the category.

John J. The third opinion is the next payments as a major development, saying:

“This first non -assembly category distributions are an important milestone for FTX. The scope and size of the Creditor FTX base makes this an unprecedented distribution process.”

He added that the advertisement showed the strong results of the efforts of recovery and coordination for the team, and stressed that their focus remained on increasing revenues for creditors and addressing the claims that have not been resolved.

The qualified creditors are expected to receive their money through the chosen distribution service provider, either Bitgo or Kraken, within a day to three working days after May 30. However, customers who have a distribution service provider will lose the right to obtain money directly from the bankruptcy exchange, while sending all the money through their chosen provider instead.

FTX Recovery Trust also said that the payment schedule for the upcoming classes will be announced in time. If all claims are made, the total payment may reach $ 16.5 billion.

Separately, FTX Extracy Estate started legal actions in April against NFT Stars Limited and Delysium. The lawsuits aim to recover the digital assets that are claimed to be withheld from the estate and are part of the company’s efforts to recover funds and increase the recovery to the maximum after its collapse in November 2022.

Criticism of the evaluation method

FTX currently has about $ 11.4 billion for payment of creditors. The first round of payment started on February 18, 2025, directed to creditors with “comfort claims” under $ 50,000. Nearly $ 1.2 billion was paid at that point.

The second distribution stage will now target those who exceed this amount. These include major investors and institutions that have held millions in the platform.

Despite progress, the payment form faced criticism of the payment calculation based on the encryption values ​​at the time of bankruptcy. This has led to some creditors less than the current market value of their property.