FTX to Initiate Major Creditor Repayments by May 30, 2025​

FTX to Initiate Major Creditor Repayments by May 30, 2025​

By May 30, 2025, the troubled cryptocurrency exchange FTX is expected to start paying back its principal creditors. In order to support these distributions, the business has accumulated over $11.4 billion in liquid assets since its collapse in November 2022. ​ Creditors who started receiving payments earlier this year and had "convenience claims" (those with claims of $50,000 or less) were given priority in the initial disbursements. The...

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