FTX Commences Major Creditor Payments in May 2025

FTX is poised to begin major debt repayments to creditors in May 2025, with a cash reserve of $11.4 billion. This significant step involves addressing claims from over 100,000 investors and marks the next phase of FTX’s reorganization process following its bankruptcy filing. The plan outlines payments starting on May 30, 2025, with creditors categorized based on the amount owed. The company aims to prioritize repayment for smaller claims below $50,000, followed by major debt holders.