Cryptocurrency exchange FTX announced today that it will distribute a total of $1.6 billion in funds.
According to information shared by Sunil, who represents FTX creditors, the distribution will be made at different rates between large and small creditors.
Large creditors (over $50,000) received a 5.7% payment by May 30th. Including the 72.5% that has not yet been paid, users in this group will receive 78.2% of their total claims. For small creditors (under $50,000), the situation is even more favorable: Users will receive a payment of 120.5% of their claims, plus interest or additional compensation.
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It was announced that payments will be made at a 40% rate for US users. The overall distribution rate, considering all user groups, will be approximately 95%.
FTX reported that rights holders could receive their payments through their chosen distribution service provider within 1 to 3 business days, starting September 30, 2025. However, the amount paid was $300 million lower than projected in July, raising some concerns.
The company also warned users about fake FTX client portals and phishing emails, advising to use only official channels.
This is not investment advice.