FTX Trading Ltd. and the FTX Recovery Trust will begin the second round of disbursements to creditors on May 30, 2025, under the approved Chapter 11 Plan of Reorganization.
Eligible creditors will receive their funds through BitGo or Kraken within 1 to 3 business days once all prerequisites are satisfied.
Distribution percentages vary by class, with Convenience Claims set to receive up to 120% of their claim.
FTX's recovery distribution marks progress in reorganization efforts, emphasizing compliance requirements for shareholders to ensure future entitlements.