FTX to Distribute $16B to Creditors on The 30th of May

1 month ago 7

Rommie Analytics

After months of legal proceedings and restructuring, FTX—the collapsed crypto exchange once helmed by Sam Bankman-Fried—is finally ready to return funds to creditors.

According to the official Creditor Recovery Summary, a total of $16.254 billion in cash is expected to be paid out, with creditors receiving between 123% and 138% recovery relative to their original claims.

Key Details

Distribution Date: May 30, 2025 Total Recovery: Up to $16.25 billion Highest Recovery Group: Dotcom and US Customers with entitlements above 125% Notable Recovery Rates: Many customer classes receiving more than 100%, due to interest and favorable asset valuations

Why This Matters

This massive cash infusion—primarily to individual and institutional crypto users—is poised to re-enter the market. A significant portion of these funds could be used to repurchase digital assets like Bitcoin, Ethereum, and other altcoins.

With crypto markets already heating up and Bitcoin nearing all-time highs again, this added demand could act as rocket fuel.

The post FTX to Distribute $16B to Creditors on The 30th of May appeared first on Coindoo.

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