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FTX Repayments Begin via BitGo, Trading Access Expected on May 30

  • FTX has started repaying its customers, including those affected by the FTX Bahamas proceedings.
  • Distributions are visible but locked from trading until May 30, 2025, with a 20% interest bonus for claims under $50,000.
  • The credited funds can be withdrawn starting May 30, with distributions in USD and no crypto allocated yet in the sample case.
  • This marks progress in resolving FTX's collapse from late 2022, with legal proceedings and asset recovery efforts ongoing.

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