<ul><li>FTX cryptocurrency exchange will distribute $5 billion in stablecoins to creditors by May 2025 as part of the bankruptcy repayment plan approved by the court.</li><li>Total claims by creditors amount to $11.745 million, with anticipated recoveries between $14.459 million and $16.254 million, resulting in a recovery rate of 123% to 138%.</li><li>Creditors express frustration over the payout structure based on 2022 asset valuations, which do not reflect the significant growth in cryptocurrency prices since then.</li><li>The distribution of stablecoins marks a first in crypto bankruptcies, with creditors receiving payouts in phases based on claim amounts, while critics urge for a more accurate reflection of current asset values.</li></ul>

FTX Set to Distribute $5B in Stablecoins to Creditors

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