FTX's main repayment will begin on May 30, with total allocated funds exceeding US$5 billion
Internet reports that FTX's main repayment will begin on May 30. It is the second distribution to creditors, with a total allocation of more than US$5 billion. FTX has previously made initial payment allocations to small creditors in the Convenience Classes in the Chapter 11 restructuring plan. Previously, it was reported that FTX creditor representative Sunil said that Kraken had started sending emails to FTX users confirming that the next round of FTX claims allocation time will be May 30, 2025. This allocation covers claims under US$50,000 and above US$50,000.
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