FTX’s bankruptcy estate will begin a multi-billion-dollar payout on May 30, marking the second—and largest—round of recoveries for former customers and counterparties.
According to a Thursday update from the FTX Recovery Trust, more than $5 billion will be distributed across four creditor classes. Recovery percentages, calculated against the U.S.-dollar value of each claim at FTX’s November 2022 collapse, range from 54 percent to 120 percent:
| Creditor class | Description | Estimated recovery |
|---|---|---|
| Class 5 | Alameda Research counterparties, lenders & trading vendors | 54 % – 72 % |
| Small unsecured | Individual claimants below the “small claims” threshold | ≈ 61 % |
| Inter-company | Internal claims among FTX subsidiaries | 120 % |
| Other general unsecured | Remaining customer and trade claims | varies; majority in 60 %–70 % band |
