FTX to Begin $5 Billion+ Creditor Payouts as Bankruptcy Enters Key Distribution Phase

FTX’s long-awaited creditor repayments are set to begin May 30, with more than $5 billion earmarked for disbursement across four distinct classes of claims, the FTX Recovery Trust announced Thursday.

The payments mark the second major phase of the defunct exchange’s court-approved restructuring plan, offering recoveries ranging from 54% to 120%, depending on the creditor class. All recovery amounts are pegged to the U.S. dollar value of assets at the time of FTX’s collapse in November 2022.

Funds will be distributed via BitGo and Kraken, which are serving as custodians for the payout process. Eligible recipients can expect to receive funds within one to three business days from the May 30 launch.

• Alameda Research counterparties and trading partners (Class 5) will recover between 54% and 72%.
• Small, unsecured creditors will receive an estimated 61% of approved claims.
• Intercompany claims—involving FTX’s affiliated entities—are being fully repaid at 120%.

The Trust noted that over 90% of all validated claims have now been cleared for distribution, signaling a major milestone in one of crypto’s most high-profile collapses. The timing also coincides with renewed optimism in the digital assets sector, as U.S. regulators soften their stance and market sentiment rebounds.