Repay the money! FTX small creditors have been credited, when will it be the turn of users with debt

FTX Payment has been made to creditors who have completed the claim process in the FTX convenience category (with a debt amount less than $50000) since last night, and the relevant creditors are expected to receive the payment within 1 to 3 working days.

In addition, FTX In the latest press release, it is announced that the expected date for the next distribution is April 11, 2025, applicable to any FTX creditor with a debt amount greater than $50000, as defined in the restructuring plan for "Category 5 Customer Equity Claims".

In addition, small creditors who did not receive any claims in this distribution, as well as creditors who are classified as Class 6 general unsecured claims (ordinary claims without any asset guarantees during the FTX bankruptcy restructuring process), are expected to receive their claims on May 30, 2025. However, small creditors who did not receive claims in this distribution still need to complete KYC (identity verification), submit necessary tax documents, and complete account settings on BitGo or Kraken to ensure that they can receive distribution payments in the future.

FTX restructuring plan manager John Ray stated:

We are pleased to initiate the first distribution today and determine the timeline for the next distribution. FTX thanks our clients and creditors for their patience and cooperation during this complex process. Our work is not over yet - we will continue to work hard to recover assets and distribute payments to creditors of more claim categories