The FTX Recovery Trust has officially announced its second major distribution phase, with over $5 billion set to be returned to creditors starting May 30, 2025. This landmark payout marks a crucial milestone in the exchange’s Chapter 11 bankruptcy reorganization process.
Key Distribution Details
- Distribution Start Date: May 30, 2025
- Total Payout Amount: $5+ billion
- Distribution Type: Multi-class creditor payment
- Legal Framework: Court-approved Chapter 11 plan
This distribution follows the initial FTX creditor payout phase and represents one of the largest cryptocurrency bankruptcy distributions in history.
Creditor Class Breakdown
The distribution will cover multiple creditor classes, each with specific allocation percentages and claim validation requirements. Creditors must ensure their claims are properly registered and verified before the May 30 distribution date.
Impact on Crypto Markets
The substantial distribution could potentially impact market dynamics as creditors receive their funds. While some analysts suggest possible selling pressure, others point to broader market stability factors that could mitigate any negative effects.
FAQ Section
When will creditors receive their funds?
Distribution begins May 30, 2025, with payments processed on a rolling basis.
What documentation is required?
Creditors must have verified claims and complete KYC/AML requirements.
How will the distribution affect crypto markets?
Market impact will depend on creditor behavior and broader market conditions during the distribution period.
Next Steps for Creditors
Creditors should verify their claim status and ensure all required documentation is submitted before the distribution date. The FTX Recovery Trust has established a dedicated support portal for claim-related inquiries.
