The FTX exchange began distributing funds to injured customers on February 18, 2025, starting with small creditors whose claims do not exceed $ 50,000. Clients from this category FTX paid 120% of their initial volume of their claims. 20% are considered a bonus.
On May 30, FTX began the second round of payments, distributing $ 5 billion among creditors with claims worth more than $ 50,000. The funds were distributed in three business days. However, this group of creditors received only 72.5% of the initial value of claims.
According to the Kavuri tweet, the remaining 27.5% of the volume of claims of large creditors should take place in the fourth quarter of the year, from October to December. Kavuri suggested that repayment could stretch to 2026 or even until 2027.
FTX collapse occurred in November 2022 – the exchange filed a bankruptcy statement. In 2024, the New York court sentenced the founder of FTX Sam Bankman-Fried to 25 years in prison for fraud and inappropriate customer management. The ex-director of FTX Ryan Salame received 7.5 years in prison, and the general director of the subsidiary of Alameda Research Caroline Ellison-two years of prison.
Recently, the US Federal Bureau (BOP) estimated that the prison term appointed by Bankman-Frida could be reduced by four years for exemplary behavior.
Source: Bits
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