Payouts Begin – 27 Months After Bankruptcy
The crypto exchange FTX, which collapsed in November 2022, announced it will begin payouts to creditors with claims over $50,000 starting May 30, 2025. This marks a significant milestone in the long and complex bankruptcy process that left tens of thousands of investors in limbo.
Compensation Based on Old Prices: A Serious Source of Discontent
Despite the payout news, many creditors have expressed frustration, as the value of compensation is calculated based on prices from November 2022, when the company filed for bankruptcy. Since then, some cryptocurrencies have risen dramatically:
- Solana (SOL): +650%
- XRP: +450%
- Bitcoin (BTC): +500%
- Ethereum (ETH): +47%
This means the real value of the recovered funds is significantly lower compared to the current market price of the assets.
What Do Creditors Say?
Sunil Kavuri, spokesperson for the largest group of victims, commented:
While the payouts provide a sense of closure to the “FTX” chapter, the calculations are unfair when compared to the actual market value of the assets. This is not full restitution.
He added that creditors expect an additional 9% annual interest accumulated during the long wait, which could partially offset the gap.
How Long Will the Process Take?
Despite the announced payout start date, the funds are not expected to be returned all at once. The process will likely stretch over months, and FTX will be under serious pressure to meet the deadlines without further delays.
Conclusion:
Although the start of FTX payouts offers some relief for creditors, many will remain disappointed by the base valuation of their assets.
This development serves as a reminder of how important it is for investors to understand the risks associated with centralized crypto platforms and the legal procedures during bankruptcy.
The coming months will reveal whether FTX can at least partially restore its reputation through fair and timely fulfillment of its obligations.
Frequently Asked Questions
Find answers to the most common questions below.
On May 30, 2025, for creditors with claims over $50,000.
Based on the value of assets at the time of the bankruptcy filing in November 2022.
No – the compensations are calculated using outdated prices, despite the significant rise in value of leading crypto assets.
Yes, a 9% annual interest is planned and will be added to the recovered amounts.
This article is for general informational purposes only and is not intended to be, nor should it be considered, legal or investment advice.
