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FTX creditors will receive over $5 billion in payouts starting May 30, marking a major milestone in the exchange’s bankruptcy recovery. Distributions range from 54% to 120% of claims, with some creditors already receiving funds. The process highlights the unprecedented scale of FTX’s collapse and recovery efforts.
- FTX creditors will receive between 54% and 120% of their claims, with Class 5 creditors (Alameda Research lenders, vendors) getting 54%-72%.
- BitGo and Kraken will process payouts within 1-3 business days after May 30.
- The distributions follow a pro-crypto regulatory shift in the U.S., including spot Bitcoin and Ethereum ETF approvals.
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