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The FTX Recovery Trust will begin disbursing over $5 billion to creditors starting May 30, marking the second major payout phase. Creditors are categorized into five classes, with payouts ranging from 54% to 120%. Funds will be distributed via Bitgo or Kraken within one to three business days.
- FTX creditors will receive payouts ranging from 54% to 120%, with Class 7 Convenience Claims getting the highest at 120%.
- Funds will be distributed via Bitgo or Kraken, but creditors using these providers forfeit direct cash payments from FTX.
- FTX has initiated lawsuits against NFT Stars Limited and Delysium to recover withheld digital assets as part of broader recovery efforts.
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