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FTX is Set...
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TronWeekly

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FTX is Set to Begin $5 Billion Payouts to Users on May 30

  • FTX will begin distributing over $5 billion to approved users and creditors on May 30, nearly three years after the exchange collapsed.
  • Repayments as part of the bankruptcy process mark a significant step in returning money to those owed by the bankrupt exchange.
  • Four main creditor groups will receive between 54% and 120% of the total amounts owed when FTX collapsed in November 2022.
  • Critics have raised concerns about using crypto values for repayments, fearing it may result in smaller returns due to market changes since the collapse.

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