FTX Repayments Begin via BitGo, Trading Access Expected on May 30

This marks a key milestone in the long-awaited repayment to FTX customers, including those impacted by the FTX Bahamas proceedings.

According to Kavuri’s update, the distributions are visible to users but remain locked from trading until May 30, 2025. This means users can now see their credited funds but will need to wait a few more days before they can access or move them.

For claims under $50,000, the credited amount includes claim value plus a 20% interest bonus, according to the current recovery plan. A screenshot shared by Kavuri shows an account balance of $14,225.80 held in cash, ready for withdrawal starting May 30.

The funds are distributed in USD and show a clean breakdown in the BitGo interface, with no crypto allocations yet made to Bitcoin, Ethereum, Tether, or Solana in this sample case.

This development provides long-awaited relief to retail claimants and smaller creditors, as the FTX estate begins making good on its commitment to return user funds. However, larger account holders and those with more complex claims may face different terms or longer timelines.

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The process follows over a year of legal proceedings and restructuring efforts after the collapse of FTX in late 2022. FTX’s appointed administrators, legal teams, and asset recovery partners such as BitGo have worked to trace and redistribute remaining assets.

As the first wave of funds unlocks for trading later this week, markets may see some movement from users opting to liquidate or rebalance their recovered funds. The impact of this liquidity injection remains to be seen, but it represents a notable step forward in resolving one of crypto’s largest-ever bankruptcies.

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