FTX to Distribute Over $5 Billion to Creditors Starting May 30 Under Reorganization Plan

By: cryptonews|2025/05/16 12:15:05

FTX Trading Ltd., the collapsed crypto exchange once helmed by Sam Bankman-Fried, will begin a large-scale distribution of over $5 billion to its creditors starting May 30, 2025. This second wave of disbursements comes as part of the company’s broader Chapter 11 reorganization plan and signals progress in repaying victims of the 2022 FTX collapse. Creditors with approved claims in designated classes will receive their payments through selected service providers, either BitGo or Kraken, within one to three business days following the May 30 distribution date. Payout Structure Detailed for Various FTX Creditor Classes According to the updated payout structure from FTX, creditors fall into several defined categories with varying recovery percentages. Customers in Class 5A, those associated with the FTX.com platform, are slated to receive a 72% recovery. U.S.-based customers, designated as Class 5B, can expect a 54% return. General unsecured creditors and digital asset loan holders, categorized in Classes 6A and 6B respectively, will each receive 61%. Notably, those in Class 7 Convenience Claims are set for a full 120% distribution, a move intended to encourage smaller claimants to opt for streamlined processing. John J. Ray III, the Plan Administrator of the FTX Recovery Trust, noted that this distribution marks the first major payout for non-convenience classes. He emphasized the scale of the process, calling it “unprecedented in scope.” The recovery effort involves key advisory firms Sullivan & Cromwell LLP and Alvarez & Marsal North America, LLC. Claimant Requirements and Urgent Phishing Fraud Warning Before receiving any payment, eligible FTX claimants must complete several key steps. These include logging into the FTX claims portal, completing Know Your Customer (KYC) verification, submitting necessary tax documentation, and onboarding with one of the designated distribution providers, BitGo or Kraken. Customers who have transferred their claims must also ensure these transfers are accurately reflected in the official registry, following a 21-day notice period without objections. In addition to these requirements, FTX is issuing a strong warning to creditors about a growing risk of phishing attempts. Fraudulent emails or fake websites may try to mimic official FTX communications. To protect their assets and personal information, customers are strongly advised not to connect wallets or share sensitive information outside the official FTX claims portal. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.

2025 Full-Year Financial Highlights

Revenue: Expected to be between $39 million and $41 million, reaching a new company high.

Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.

Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.

Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.

Core Consumer Food Business Performance

In 2025, DDC's core consumer food business maintained strong operational performance.

The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.

In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.

Bitcoin Reserve Update

In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.

As of December 31, 2025: The company holds 1,183 BTC.

As of February 28, 2026: Holdings increased to 2,118 BTC

Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC

DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."

Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation

About DDC Enterprise Limited

DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.

The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins