FTX to Begin Major Repayments on May 30, Bitcoin Claims Valued at Just 20% of Market Price

Foresight News — FTX is set to begin its primary repayment process on May 30, marking a pivotal moment in the long-running bankruptcy proceedings of the once-prominent crypto exchange. However, the latest updates indicate that Bitcoin (BTC) claims will be repaid at just 20% of their current market value, sparking concerns and disappointment among creditors.This valuation gap reflects the bankruptcy court’s use of frozen asset pricing at the time of FTX’s collapse in November 2022, when BTC traded at significantly lower levels—around $16,000—compared to today’s price near $85,000.The 80% shortfall on BTC claims underscores the consequences of valuation cut-off dates in crypto insolvency cases and the complexities of returning digital assets rather than fiat equivalents. Creditors holding Bitcoin may find the repayment a fraction of what their claims would be worth in current market terms.