• TEXT= DATE: 20.06.2025 TransferMole  |  IDO  | Blockchain Service
  • TIMER= 20.06.2025
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  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
  • ethereumEthereum (ETH) $ 2,365.53 1.12%
  • tetherTether (USDT) $ 1.00 0.2%
  • bnbBNB (BNB) $ 302.66 0.19%
  • solanaSolana (SOL) $ 95.44 1.28%
  • xrpXRP (XRP) $ 0.501444 0.1%
  • usd-coinUSDC (USDC) $ 0.996294 0.34%
  • staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
  • cardanoCardano (ADA) $ 0.481226 2.68%
  • avalanche-2Avalanche (AVAX) $ 34.37 1.19%
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
    ethereumEthereum (ETH) $ 2,365.53 1.12%
    tetherTether (USDT) $ 1.00 0.2%
    bnbBNB (BNB) $ 302.66 0.19%
    solanaSolana (SOL) $ 95.44 1.28%
    xrpXRP (XRP) $ 0.501444 0.1%
    usd-coinUSDC (USDC) $ 0.996294 0.34%
    staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
    cardanoCardano (ADA) $ 0.481226 2.68%
    avalanche-2Avalanche (AVAX) $ 34.37 1.19%
image-alt-1BTC Dominance: 58.93%
image-alt-2 ETH Dominance: 12.89%
image-alt-3 BTC/ETH Ratio: 26.62%
image-alt-4 Total Market Cap 24h: $2.51T
image-alt-5Volume 24h: $144.96B
image-alt-6 ETH Gas Price: 5.1 Gwei
 

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FTX customer payouts

FTX customer payouts begin amid crypto rally and recovery efforts from bankruptcy collapse

https://icn.live/wp-content/uploads/2025/05/FTX-pay.mp3
  • by ICN.live
Khaled Darwish

FTX customer payouts are now underway following the failed exchange’s court-approved reorganization plan.

Eligible creditors began receiving funds via BitGo or Kraken just days after the official May 30 announcement.

FTX customer payouts vary depending on claim type. Class 7 Convenience Claims holders receive 120% of their allowed claim value. In contrast, FTX.com customers receive 72%, U.S. customers get 54%, and unsecured claims plus digital asset loans each get 61%.

This marks a surprising turn for FTX, once expected to yield no customer returns. When the platform collapsed in November 2022, the crypto world braced for massive losses. Allegations of fraud against founder Sam Bankman-Fried shocked the industry. With his conviction and 25-year sentence secured, the estate’s focus turned to recovery and restitution.

Strong Crypto Market Boosts Payout Capacity

The broader crypto market rally increased the value of assets held by FTX’s estate. This upward trend has helped fund higher-than-expected distributions. FTX customer payouts benefit from this rebound, fueling hope among affected users.

The estate has already completed an earlier payout round. More distributions are planned, with future dates yet to be confirmed. Eligible claimants must fulfill all onboarding requirements to access funds. This includes KYC checks, tax form submissions, and using either BitGo or Kraken as distribution platforms.

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FTX customer payouts show real recovery is possible

Users must stay alert to phishing scams. The estate warns against unsolicited wallet connection requests. It directs all activity strictly through claims.ftx.com.

FTX customer payouts demonstrate real recovery potential, even in high-profile collapse cases. With over half of the claim values being returned, it marks a rare moment of optimism in crypto crisis history.

The estate’s focus remains on maximizing asset recovery. Continued market strength and responsible estate management may improve payouts in future rounds. This moment, though unexpected, gives customers partial redemption and restores some faith in crypto restitution.

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How much are FTX customers being paid back?

FTX customer payouts vary by claim category. The highest payout, 120%, goes to Convenience Claims (Class 7). FTX.com customers receive 72%, U.S.-based users get 54%, and unsecured plus loan-based claims are receiving 61%. These numbers have surprised many who expected little to no recovery when FTX collapsed. The higher payouts are possible due to strategic asset recovery and the recent uptrend in the crypto market. Additional payouts are expected later, offering even more hope for further restitution.

What do I need to do to get my FTX payout?

To receive an FTX payout, claimants must complete a few required steps. First, log into the FTX Customer Portal and verify your identity through the Know Your Customer (KYC) process. Then, submit any required tax documentation. Finally, onboard with either BitGo or Kraken, which are handling the distribution process. Be wary of phishing attempts and ensure all interactions occur through the official claims portal: claims.ftx.com. Failing to follow these steps can delay or disqualify your claim.

Why are some FTX claims receiving more than others?

FTX customer payouts differ based on the classification of each claim. Convenience Claims, for example, were capped at a specific value and processed for a 120% return as an incentive for simpler resolutions. In contrast, larger claims from FTX.com and U.S. users involve more complexity and risks, thus receiving lower percentages. These categories were assessed by the bankruptcy court and trustee to reflect fairness and practicality in distribution. The differences ensure a more efficient and equitable recovery process across thousands of claimants.

Will there be more FTX payouts in the future?

Yes, more distributions are planned. The current round is the second major phase of the FTX customer payouts. As the estate continues to recover assets—especially with help from the rising value of cryptocurrencies—more funds will be available for future rounds. The timeline for these next distributions has not yet been announced, but users who complete onboarding and remain compliant with instructions can expect additional payouts. The FTX team urges everyone to monitor official communications and avoid third-party contacts.

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