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FTX Beginning $5B in Creditor Payouts on May 30

The lengthy process to reimburse creditors of the defunct exchange is nearing resolution.
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May 15, 2025 • 1 min read

FTX will start distributing $5 billion to creditors via Kraken and BitGo, marking the next step in its bankruptcy reorganization plan.

What’s the Scoop?

  • Creditor Repayments: Bankrupt crypto exchange FTX will disburse over $5 billion to creditors starting May 30.
  • Distribution Partners: Repayments will be managed through Kraken and BitGo as part of the payout process.
  • Chapter 11 Progress: This marks the second phase of FTX’s Chapter 11 reorganization efforts.

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