The FTX mainnet upgrade is set to commence on May 30th, with a total allocation exceeding $5 billion.

BlockBeats News, May 16th, according to Reuters, FTX's major repayment will begin on May 30th as part of the second distribution to creditors, with a total distribution fund exceeding 5 billion U.S. dollars. FTX had previously made the initial repayment distribution to small creditors in the Convenience Classes of the Chapter 11 restructuring plan.

BlockBeats previously reported that Sunil, the representative of FTX creditors, stated that Kraken has started sending emails to FTX users confirming that the next round of FTX compensation distribution will take place on May 30, 2025. This distribution covers claims below $50,000 and above $50,000.