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FTX Begins $5B Stablecoin Payout to Creditors

FTX Begins $5B Stablecoin Payout to Creditors

Coinomedia2025/05/30 19:16
By: Isolde VerneIsolde Verne
FTX starts distributing $5B in stablecoins to creditors, marking a major step in bankruptcy resolution.FTX Launches Massive Creditor Repayment PlanWhat Creditors Can ExpectA Turning Point in Crypto Legal Recovery
  • FTX starts $5 billion creditor repayments today
  • Disbursements made in stablecoins around 9:00 AM ET
  • Key step in FTX bankruptcy resolution process

FTX Launches Massive Creditor Repayment Plan

In a long-awaited development, collapsed crypto exchange FTX has officially begun the process of distributing over $5 billion in stablecoins to its creditors. The repayment process is scheduled to start around 9:00 AM ET today, marking a significant milestone in the company’s bankruptcy proceedings.

This payout marks the largest creditor reimbursement in crypto history, following the dramatic fall of FTX in late 2022. After months of asset recovery and legal negotiations, this distribution represents the first substantial return of funds to those impacted by the collapse.

What Creditors Can Expect

According to reports from the FTX estate, the disbursements will be made in leading stablecoins, ensuring value consistency for recipients. Stablecoins like USDC and USDT are pegged to the U.S. dollar, making them ideal for settlements amid crypto market volatility.

The repayment prioritizes individual and institutional creditors who filed verified claims. Many investors, traders, and businesses who had funds trapped in FTX will now receive partial or full recovery, depending on the size of their claim and the available funds.

This development is a major relief for thousands of users, many of whom feared their assets were lost forever.

JUST IN: FTX to begin distributing over $5 billion in stablecoins to creditors today, with the process expected to start around 9:00 AM ET. pic.twitter.com/abIrdDrxHU

— Whale Insider (@WhaleInsider) May 30, 2025

A Turning Point in Crypto Legal Recovery

The FTX payout is not only important for the individuals and firms receiving funds but also for the broader crypto industry. It shows that even in the aftermath of one of crypto’s most notorious failures, recovery and accountability are possible through structured legal channels.

This action also brings the FTX bankruptcy case closer to final resolution, restoring a degree of trust in crypto bankruptcy proceedings. The successful initiation of repayments may influence how future cases of failed exchanges are handled legally and financially.

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Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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