FTX Creditors to Receive $11.4B Payouts in May After Long-Running Bankruptcy Proceedings

FTX to Begin $11.4 Billion Creditor Payouts in May After Years-Long Bankruptcy Battle

March 29, 2025 - FTX, the cryptocurrency exchange that filed for bankruptcy in November 2022, is set to begin making payouts to its creditors in May, according to a court filing.

The payouts, worth a total of $11.4 billion, will be made to creditors who filed claims with the bankruptcy court. The amount is significantly higher than the $3.1 billion initially estimated by FTX's bankruptcy lawyers.

The payouts will be made in installments over several months, with the first payment scheduled for May. The exact timeline and amount of each installment have not been disclosed.

FTX's bankruptcy battle has been ongoing for nearly three years, with the exchange's founder, Sam Bankman-Fried, facing criminal charges related to the collapse of the company. Bankman-Fried has pleaded not guilty to the charges and is currently awaiting trial.

The bankruptcy court overseeing FTX's case has been working to distribute the company's assets to its creditors, including customers who lost funds when the exchange went bankrupt. The payouts will be made using a combination of FTX's remaining assets and funds recovered from the sale of its assets.

The news comes as a relief to creditors who have been waiting patiently for years to receive some compensation for their losses. "This is a huge step forward for us," said one creditor who wished to remain anonymous. "We're finally going to get some justice and be able to move on with our lives."

FTX's bankruptcy case is expected to continue for several more months, with the court still needing to settle outstanding issues and distribute any remaining assets. However, the upcoming payouts mark a significant milestone in the company's long and complicated bankruptcy battle.