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Starting May 30, 2025, creditors of FTX will be able to claim their share of a $5 billion payout, following a three-year wait since the exchange's collapse in 2022 due to fraud and mismanagement by its founder, Sam Bankman-Fried. Approved distribution agents like BitGo and Kraken will facilitate the transfer of funds to eligible clients who must complete several verification steps before receiving their payouts. Those with claims over $50,000 can expect to receive 72.5% of their initial claim in the first round of distributions.
Source: YAHOO