From Yahoo Finance: 2025-05-23 15:02:00

FTX’s creditors will start receiving their lost funds on May 30, 2025, with BitGo and Kraken handling the distribution. Three years after FTX’s collapse, it was revealed that founder Sam Bankman-Fried misused billions of customer funds. Bankruptcy followed amid fraud and mismanagement, leading to Bankman-Fried’s conviction for fraud and conspiracy. Creditors must complete the claims process to receive repayments, with the first cash distribution covering 72.5% of claims over $50,000. FTX creditor Sunil Kavuri, owed $2 million, is eager for repayment after the fraud disrupted his plans to buy a family home. Learn more on TheStreet about how FTX creditors can claim their share of the $5 billion payout starting May 30.



Read more at Yahoo Finance: Here’s how to claim your share of the $5B payout starting May 30