{"id":43447,"date":"2025-05-30T12:00:23","date_gmt":"2025-05-30T09:00:23","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=43447"},"modified":"2025-05-30T11:30:49","modified_gmt":"2025-05-30T08:30:49","slug":"ftx-begins-its-2nd-largest-distribution-5-billion","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ftx-begins-its-2nd-largest-distribution-5-billion\/","title":{"rendered":"FTX Begins Its 2nd Largest Distribution | $5 Billion"},"content":{"rendered":"<p>FTX has launched its second major round of creditor payments since its 2022 collapse. The stablecoin distribution, totaling over $5 billion, will be made through BitGo and Kraken as of May 30, 2025. Payments are expected to reach creditors\u2019 accounts within 1 to 3 business days.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/ftx-begins-its-2nd-largest-distribution-5-billion\/#How_Will_the_FTX_Refund_Process_Work\" title=\"How Will the FTX Refund Process Work?\">How Will the FTX Refund Process Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/ftx-begins-its-2nd-largest-distribution-5-billion\/#Which_Institutions_Will_Be_the_Distribution_Service_Providers\" title=\"Which Institutions Will Be the Distribution Service Providers?\">Which Institutions Will Be the Distribution Service Providers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/ftx-begins-its-2nd-largest-distribution-5-billion\/#How_Will_This_Distribution_Affect_the_Market\" title=\"How Will This Distribution Affect the Market?\">How Will This Distribution Affect the Market?<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_Will_the_FTX_Refund_Process_Work\"><\/span>How Will the FTX Refund Process Work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The FTX Recovery Trust, which is overseeing FTX\u2019s bankruptcy process, has divided creditors into different classes and set payment rates:<\/p>\n<ul>\n<li>Class 5A (International Customers): They will receive 72% of their claims.<\/li>\n<li>Class 5B (U.S. Customers): They will receive 54% of their claims.<\/li>\n<li>Class 6 (Unsecured Creditors): They will receive 61% of their claims.<\/li>\n<li>Class 7 (Creditors under $50,000): They will receive 120% of their claims.<\/li>\n<\/ul>\n<p>These payment rates vary depending on the status of the creditors\u2019 claims and their classification.<\/p>\n<hr \/>\n<p>This article will also catch your attention: <a href=\"https:\/\/coinengineer.net\/blog\/old-bitcoin-wallets-move-market-impact\/\"><em><strong>Old Bitcoin Wallets Are Moving! How Will the Market Be Affected?<\/strong><\/em><\/a><\/p>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"Which_Institutions_Will_Be_the_Distribution_Service_Providers\"><\/span>Which Institutions Will Be the Distribution Service Providers?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Creditors will be able to choose either BitGo or Kraken to receive their payments. Both platforms offer stablecoin and fiat withdrawals:<\/p>\n<ul>\n<li><strong>BitGo:<\/strong> Offers services such as digital asset and stablecoin purchases, USD withdrawals via ACH (US only) or bank transfers, and transfers of digital assets to personal wallets.<\/li>\n<li><strong>Kraken:<\/strong> Offers services such as digital asset and stablecoin purchases, fiat withdrawals via SWIFT, SEPA, FedWire and ACH, and transfers of digital assets to personal wallets.<\/li>\n<\/ul>\n<p>Details such as transaction fees and minimum withdrawal amounts on both platforms may vary depending on the user&#8217;s choice.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Will_This_Distribution_Affect_the_Market\"><\/span>How Will This Distribution Affect the Market?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This $5 billion stablecoin distribution by FTX could lead to a significant increase in liquidity in the cryptocurrency market. Analysts state that there is a high probability that creditors will reinvest the funds they receive into crypto assets. This situation may trigger price increases, especially in Bitcoin and altcoins.<br \/>\nIt is predicted that Bitcoin in particular may reach new heights with this new liquidity flow. This development, which occurred after the bankruptcy process of FTX, creates a positive atmosphere in the cryptocurrency market.<\/p>\n<hr \/>\n<p><a href=\"https:\/\/t.me\/coinmuhendisihaber\" target=\"_blank\" rel=\"noopener\"><em><strong>Click now<\/strong><\/em><\/a> for last minute cryptocurrency news.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FTX has launched its second major round of creditor payments since its 2022 collapse. The stablecoin distribution, totaling over $5 billion, will be made through BitGo and Kraken as of May 30, 2025. Payments are expected to reach creditors\u2019 accounts within 1 to 3 business days. How Will the FTX Refund Process Work? The FTX<\/p>\n","protected":false},"author":13,"featured_media":38346,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,2],"tags":[1652,496,16822,6575,2162,16821,1564,16823],"class_list":["post-43447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchange-news","category-news","tag-bitgo","tag-ftx","tag-ftx-5-billion-dollars","tag-ftx-bankruptcy","tag-ftx-exchange","tag-ftx-refund-process","tag-kraken","tag-refunds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FTX Begins Its 2nd Largest Distribution | $5 Billion - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/ftx-begins-its-2nd-largest-distribution-5-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FTX Begins Its 2nd Largest Distribution | $5 Billion - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"FTX has launched its second major round of creditor payments since its 2022 collapse. The stablecoin distribution, totaling over $5 billion, will be made through BitGo and Kraken as of May 30, 2025. Payments are expected to reach creditors\u2019 accounts within 1 to 3 business days. How Will the FTX Refund Process Work? 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