FTX to Disburse Over $5B to Creditors Starting May 30 as Estate Nears Final Stretch
FTX’s bankruptcy estate will begin distributing more than $5 billion to creditors beginning May 30, marking a significant step forward in the exchange’s court-supervised wind-down, the FTX Recovery Trust confirmed Thursday.
The funds will be allocated across four creditor classes, with payout percentages ranging from 54% to 120% based on the U.S. dollar value of claims at the time of the platform’s collapse in November 2022.
Distributions will be processed by custodians BitGo and Kraken, with transfers expected to reach approved claimants within one to three business days after the initial release date.
Key payout tiers include:
- Alameda Research partners and trading vendors (Class 5), receiving 54% to 72% of their approved claims.
- Smaller unsecured creditors, seeing recoveries around 61%.
- FTX-affiliated entities with intercompany claims are being repaid in full, at 120%.
The Trust stated that over 90% of verified claims have been approved for distribution, putting the estate on a path toward completing one of the largest and most complex crypto bankruptcy cases to date.
The payout rollout comes as crypto markets rebound and regulatory sentiment in the U.S. shifts toward greater openness, offering a hopeful backdrop for those still recovering losses from the FTX collapse.
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