FTX to Pay $5 Billion to Creditors in May 2025

FTX has announced a significant step towards repaying its creditors, outlining a $5 billion distribution plan for May 2025. The company’s commitment to fulfilling financial obligations is being overseen by John J. Ray III, the appointed Plan Administrator. BitGo and Kraken will handle the disbursement of these funds. This payout signifies a crucial development in FTX’s bankruptcy case, marking an important advancement towards resolving outstanding debts.