FTX to distribute over $5 billion to creditors in second planned payout on May 30
FTX is set to begin its second creditor payout starting on May 30, targeting to distribute more than $5 billion to eligible claimants, according to the estate’s Thursday announcement
FTX's payment plan emphasizes trust and accountability for a diverse group of claimants receiving digital asset payouts.
FTX is set to begin its second creditor payout starting on May 30, targeting to distribute more than $5 billion to eligible claimants, according to the estate’s Thursday announcement. Payments will be processed through BitGo or Kraken and are expected to arrive within 1 to 3 business days, the entity states.
The upcoming round is part of FTX’s ongoing bankruptcy resolution and follows the initial payouts that began in February for creditors with claims under $50,000. The second distribution will include repaying creditors with claims exceeding that amount.
