#FTXRefunds The FTX refund process is well underway, with significant developments in 2025. Here's a breakdown of what's happening:

Key Developments & Timeline:

* Emergence from Bankruptcy: FTX Trading emerged from Chapter 11 bankruptcy on January 3, 2025, a major milestone in the process.

* First Payouts (Convenience Class): The first round of payments began around February 18, 2025, prioritizing "Convenience Class" creditors (those with claims under $50,000). These creditors were expected to receive approximately 119% of their claimed amount. This initial payout totaled around $1.2 billion.

* Second Round of Payouts: A second round of payments, totaling $5 billion, was initiated on May 30, 2025, for eligible creditors in both Convenience and Non-Convenience Classes who completed pre-distribution requirements. This includes Dotcom Customer Entitlement Claims (72% distribution), US Customer Entitlement Claims (54% distribution), Convenience Claims (120% distribution), General Unsecured Claims (61% distribution), and Digital Asset Loan Claims (61% distribution).

* Distribution Partners: Crypto firms Kraken and BitGo are assisting with the bankruptcy distributions.

How to Claim Your Refund (if you haven't already):

The primary avenue for customers to claim their funds is through the FTX Customer Claims Portal (claims.ftx.com). Here's a general guide:

* Login: Use the same username and password you used for your FTX account.

* Email Verification: Verify your email address, which is required for each login.

* KYC (Know Your Customer) Verification: