FTX, in a move to repay its creditors, has secured a $11.4 billion cash reserve for the repayment plan. This announcement comes after the crypto exchange filed for bankruptcy in November 2022. The repayment process will begin May 30, 2025, with major creditors set to be paid first. The plan is intended to address concerns regarding outdated valuations and ensure fairness among all involved parties. John J. Ray III, leading the recovery efforts, has overseen asset divestitures to secure these funds. The distribution of the $11.4 billion will cover the claims of major creditors under a court-mandated process. This approach is intended to establish a more consistent system for reimbursement. However, some creditors have expressed discontent over being paid in cash instead of cryptocurrency. FTX’s bankruptcy remains a complex issue that has left investors and institutions feeling frustrated about their losses. The case highlights the need for clear regulations within the crypto industry to safeguard user interests and promote responsible growth.