FTX to begin repaying creditors on May 30 after 27-month bankruptcy battle

FTX plans to kick off repayments for creditors owed more than 50,000 USD starting May 30, 2025, drawn from a reserve of 11.4 billion USD.

The total claims against FTX amount to 27 quintillion, many of which are inflated or fraudulent. Payments might reach 118% of original claims, though this is based on outdated cryptocurrency values.

FTX will pay annual interest of 9% on outstanding claims, with BitGo and Kraken assisting in the repayment process. The overall recovery could total around 16 billion USD if users submit complete claims.