The second phase of the FTX repayments to creditors begins tomorrow, May 30, 2025. After 27 months of its collapse in November 2022, the once glorious crypto exchange will reimburse the creditors, with a $5 billion payout in stablecoin tomorrow, equivalent to 2% of the total stablecoin supply. Such a high amount is creating concerns about its potential impact on the broader crypto market, where experts await a bull run formation under its influence. Let’s discuss. FTX Repayment Details: Distribution Plans, Partners & More After a previous repayment round in February, the second FTX repayment will take place on May 30 under FTX’s Chapter 11 Plan of Reorganization. Under this, the different class creditors with claims above $50,000 would receive different payouts. According to official FTX payout announcement, Class 5A (Dotcom customer) would receive 72% of the distribution, Class 5B would receive 54%, Class 6A & 6B (unsecured & loan… Read More at Coingape.com
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