FTX will begin compensating large creditors at the end of May. According to Bloomberg, lawyer Andrew Dietderich told the judge that the exchange plans to make the first tranche of the funds distribution to the main group of creditors on May 30, 2025. This group includes institutional clients, large holders, as well as other organizations that deposited cryptoassets on the platform.
The lawyer also noted that the distribution of funds will take a lot of time. The reason for this is the large number of "false" claims, Dietderich noted.
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FTX will begin compensating large creditors at the end of May. According to Bloomberg, lawyer Andrew Dietderich told the judge that the exchange plans to make the first tranche of the funds distribution to the main group of creditors on May 30, 2025. This group includes institutional clients, large holders, as well as other organizations that deposited cryptoassets on the platform.
The lawyer also noted that the distribution of funds will take a lot of time. The reason for this is the large number of "false" claims, Dietderich noted.