The payout process for FTX creditors is set to begin with those holding claims up to 50,000 USD. These creditors will receive approximately 119% of their allowed claims, totaling about 1.2 billion USD. This allocation occurs within the first 60 days of the payout initiation.

BitGo and Kraken are responsible for handling distribution payments. Eligible creditors must complete KYC requirements via the FTX Debtors’ Customer PORTAL. Total claims range from 14.7 billion USD to 16.5 billion USD, but only a fraction will be disbursed initially.