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Latest developments on FTX claims: Creditor representatives announce distribution plan for 2025 to 2027.
Gate News bot message, on July 1, FTX creditor representative Sunil updated the latest progress on creditor compensation on social media. According to the released information, on February 18, 2025, small creditors (with claims under $50,000) will receive a compensation rate of 120%. On May 30, 2025, large creditors (with claims over $50,000) will receive a compensation rate of 72.5%, while small creditors will maintain a compensation rate of 120%.
Sunil also revealed that the future compensation distribution is expected to take place in October and December 2026, as well as in 2027. For large creditors who have already received 72.5% compensation, they will subsequently receive a compensation of 27.5% of the face value, achieving a total of 100% compensation. It is worth noting that, based on the current compensation situation, the interest rate for FTX creditors after applying for compensation is approximately 40-80%.