FTX to Begin Creditor Repayments of $11.4 Billion on May 30 After 27-Month Battle, 98% of Small Claims Paid

Former cryptocurrency exchange FTX is set to begin repaying its main creditors on May 30, 2025, utilizing a cash reserve of $11.4 billion accumulated since its bankruptcy. This announcement was made during court proceedings in Delaware, where FTX's bankruptcy attorneys outlined plans for the distribution of funds to thousands of affected parties. The repayments come after a 27-month battle with bankruptcy, and claims related to Bitcoin (BTC) are currently valued at only 20% of the market price. Notably, 98% of smaller claims are expected to be paid within 60 days following the initial disbursement. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io