FTX Recovery Trust to Distribute Over $5 Billion in Creditor Payments

The FTX Recovery Trust is set to distribute over $5 billion to creditors, marking a significant milestone in the aftermath of the exchange’s 2022 bankruptcy filing. This distribution is scheduled for May 30, 2025 and represents an important step towards providing financial support to those impacted by the collapse of FTX Trading Ltd. This payment will significantly impact the cryptocurrency landscape, boosting creditor confidence and potentially influencing market activity. FTX’s bankruptcy proceedings have been long-running and complex, raising questions about how crypto assets are managed in times of crisis. The upcoming distribution serves as a crucial step towards restoring financial stability in the sector.