<ul><li>FTX, the failed cryptocurrency exchange platform, will begin repaying creditors on May 30, distributing around $11.4 billion after months of legal battles.</li><li>The rise in Bitcoin's price has led creditors to prefer crypto repayments over cash.</li><li>BitGo and Kraken are assisting with the repayments, and total recoveries could reach $16 billion if all claims are processed.</li><li>Other developments include the acquisition of FTX EU by Backpack Exchange and the US Justice Department's efforts to recover political donations linked to former FTX executives.</li></ul>

FTX to Start Paying Creditors in May After Long Bankruptcy Case

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