Crypto: Are FTX Refunds Resuming?

After months of waiting, the main creditors of FTX can finally see the light at the end of the tunnel. The bankrupt crypto platform announced that repayments will continue starting from May 30, 2025. A highly anticipated announcement by major investors in particular, who were hoping for a return on their frozen assets.

Crypto: FTX will finally reimburse its BIG creditors starting from May 30, 2025

This is a key moment for the thousands of investors who have suffered since the collapse of the crypto exchange in 2022. FTX has managed to gather $11.4 billion in cash, a windfall that will finally be used to compensate the colossal losses of its creditors.

Not everyone is treated the same. Those whose claims exceed $50,000 – financial institutions, companies, or large holders – will be prioritized in this new wave of payments. These repayments will add to those already initiated in February 2025 for small creditors, namely those below the $50,000 threshold.

Repayments… yes, but at what price?

These repayments will not be made in crypto, but in dollars. And that’s where the problem lies for some. One example: a holder of claims in bitcoin will be compensated based on the value of BTC at the time of the bankruptcy, which is nearly five times less than its current value. In other words, the repayments would barely cover 20% of today’s market price.

The process is in place, creditors are invited to confirm their information and follow the administrative steps defined by the liquidator. No precise deadline for the end of payments, but the machine is in motion.

A partial relief and a symbolic turning point for FTX

This partial return of funds represents a relief for many investors. It also marks a symbolic step in the long saga of FTX, which has become emblematic of the excesses of the crypto market.

The reimbursement of FTX thus turns a painful page for thousands of investors. While the losses will not be fully compensated, the gesture gives a little breath to the crypto sector. In the meantime, Sam Bankman-Fried is still held in prison and was even secretly transferred after a shocking revelation.