The FTX payout plan has officially begun today, signaling a significant milestone in the recovery of assets for creditors of the collapsed crypto exchange. The estate estimates that total distribution will range between $14.7 billion and $16.5 billion, with the first payout round prioritizing convenience classes—creditors with claims of $50,000 or less. These creditors are expected to receive approximately 119% of their allowed claim amount within 60 days, totaling around $1.2 billion. Creditors with claims exceeding $50,000 will receive a share of a separate $10.5 billion pool, but their distribution timeline will take longer. BitGo and Kraken will manage initial distributions to customers, who must complete KYC verification and submit tax forms. Analysts estimate that $2.4 billion may flow back into crypto markets as a result of the plan.



Other News from Today