FTX creditors are poised to receive more than $5 billion starting May 30, as part of the second phase of the court-sanctioned recovery strategy, according to the FTX Recovery Trust.

Payments will be made to four groups of creditors, with returns ranging from 54% to 120% of their initial claims, based on the valuations at the time of FTX’s downfall in November 2022.

BitGo and Kraken will oversee the distribution, ensuring funds are transferred to eligible claimants within one to three business days following the payout start date.

The payout includes Class 5 creditors, encompassing counterparties, lenders, and trading partners of Alameda Research, who are projected to recover between 54% and 72% of their validated claims. Small unsecured creditors can expect about 61% recovery, while intercompany claims related to FTX’s subsidiaries will be repaid at 120%.

So far, over 90% of all claims have been incorporated into the distribution initiative, as confirmed by the Repayment Trust.