The crypto exchange FTX has reached a significant milestone in its post-bankruptcy recovery process. The company announced that, as of May 30, 2025, it will make cash payments exceeding $5 billion to its creditors. This payment will be the second major distribution phase of the recovery process.
Second Round of Repayments Begins
In the process managed by the FTX Recovery Trust, users who have previously completed the required steps will receive their payments through their chosen distribution service providers, such as BitGo or Kraken. Distributions will begin on May 30 and are generally expected to be completed within 1–3 business days.
FTX will prioritize requests of $50,000 and above in these payments. In the first round of payments made earlier, $800 million had been distributed for claims under $50,000. Now, an additional $400 million has been allocated for these users, and this distribution will take place later in the year.
Market Impact Expected
All repayments will be made in cash. However, a significant portion of users who remained in crypto during FTX’s collapse are expected to convert this cash back into cryptocurrencies. Especially the bullish expectations for the second half of the year may trigger this shift.
Analysts believe that such a large cash inflow into the market could have a buying pressure effect in the spot market. A large number of investors harmed by the FTX collapse may tend to recover their losses through crypto.
Total Expected Repayment Could Reach $16 Billion
According to estimates, FTX’s total bankruptcy estate is between $14.7 and $16.5 billion. The company predicts that 98% of eligible creditors will receive at least 118% of their original claims back in cash.
On the other hand, users who do not verify their claims through official portals by June 1 face the risk of losing their right to this distribution. FTX has issued a warning to users in this regard.
FTX Repayment Process – Quick Notes
- Payment date: May 30, 2025
- Total amount to be paid: $5 billion
- Priority groups: Claims of $50,000 and above
- Distribution providers: BitGo and Kraken
- Delivery time: 1–3 business days
- Compliance process deadline: June 1, 2025
