FTX will begin distributing over $5 billion in funds to creditors under its bankruptcy plan on May 30th According to The Block, FTX Trading Ltd., the parent company of bankrupt cryptocurrency exchange FTX, will launch the second phase of its Chapter 11 restructuring plan on May 30, 2025, distributing over $5 billion in funds to creditors. The FTX bankruptcy management team announced on Thursday that convenience and non convenience creditors who meet the pre distribution requirements will receive their funds from Bitgo or Kraken within one to three working days from that date.