FTX’s creditor repayments are progressing almost three years after its collapse. New details have emerged, which reveal that smaller claims are receiving 120% payouts and larger ones are paid 72.5% so far.

Additional distributions are planned through 2027, which aim to complete full recoveries for larger creditors.

FTX Payout Progress

Sunil Kavuri, the FTX creditor activist, revealed that claims under $50,000 received 120% payouts in February and May 2025, allowing smaller creditors to recover beyond their initial claims.

In his latest post on X, Kavuri explained that for claims over $50,000, creditors received a 72.5% payout in May. The remaining 27.5% expected in additional distributions planned for October and December 2026, and into 2027, which will bring total recovery on larger claims to 100% of face value.

Kavuri added that post-petition interest returns are estimated to range between 40% and 80%.

BitGo and Kraken were the two custodians overseeing the distribution process. These payments are being made under a Chapter 11 plan, which was approved by a bankruptcy judge in Delaware last year.

FTX, FTX.US, Alameda Research, and more than 100 affiliated companies sought bankruptcy protection in Delaware on November 11, 2022. After the bankruptcy filing, Sam Bankman-Fried resigned as CEO, and corporate restructuring expert John J. Ray III was appointed to lead the company. The latter had previously handled Enron’s collapse.

Bankman-Fried received a 25-year sentence for defrauding customers and investors. Meanwhile, former Alameda Research CEO Caroline Ellison was sentenced to two years in federal prison.

Beyond the criminal convictions of its top executives, the collapse also sparked lawsuits against celebrities and influencers who had endorsed the platform.

Celebrities Largely Cleared in FTX Lawsuits

In May, a US court dismissed the bulk of lawsuits brought against several celebrities and YouTubers who endorsed the crypto exchange before its collapse. Among those who benefited from the dismissal are Tom Brady, Gisele Bündchen, Kevin O’Leary, and Stephen Curry.

The same cannot be said for Shaquille O’Neal. The NBA legend agreed to pay $1.8 million to settle a class-action lawsuit from investors of FTX, who alleged he misled them through his appearances in exchange advertisements. This payout is more than the $750,000 O’Neal reportedly received for the commercial.

O’Neal claimed that he was only a paid actor, and would avoid admitting wrongdoing, and would also be barred from seeking reimbursement from the exchange’s bankruptcy estate if the court approves the settlement.

2. Bitstarz – Best Variety of Bitcoin Casino Games

Pros:

• 4,500+ games to play
• Welcome bonus up to 5 BTC
• 180 free spins included in the bonus
• Various cryptos supported
• Award-winning customer support

Cons:

• Could use more reload bonuses
• Homepage is a bit cluttered

The battle between mBit and Bitstarz was a very, very close one – they basically scored the same points in all the benchmarks.

In the end, Bitstarz fell just slightly behind because of the fewer free spins included in the welcome package.

Game Variety: 4.9/5

Bitstarz’s massive game collection is growing by the day. As of right now, they host 4,200+ crypto slots and table games, in addition to 150+ live casino games and online bingo. Unfortunately, just like mBit, their live dealer casino games are geo-restricted.

Still, with so many options at your fingertips, we doubt you’ll notice the difference. Approximately 100+ virtual table games are available to every player. Bitstarz also gained a reputation for its specialties – you can roll a 100-sided die or play games like Limbo, Space XY, and Plinko for a different kind of online gambling experience.

Welcome Bonus: 4.8/5

When you make the first crypto deposit, you can score a 125% up to 1 BTC welcome bonus.

Plus, you’ll get 180 more free spins over your first 9 days as a registered player. High rollers can redeem up to 4 BTC more in reload bonuses with their next 3 deposits.

New players can also participate in Bitstarz’s freeroll tournaments with a $1,000 prize pool. All games are eligible, so all you have to do is opt in and start placing bets.

Payment Methods: 4.6/5

You can use Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and DOGE to initiate deposits and withdrawals at Bitstarz. You can also purchase crypto directly through their casino site via Moon Pay, and the minimum deposit is 0.0002 BTC.

To qualify for the initial welcome bonus, you’ll need to deposit a minimum of 0.0008 BTC, which increases to 0.002 BTC for the bonuses on your 2nd, 3rd, and 4th deposits. However, keep in mind that these values change based on the Bitcoin price.

You can withdraw anywhere between 0.0002 BTC and 10 BTC per transaction, and nearly all payouts are processed and delivered within 7 minutes.

Customer Support: 4.7/5

Bitstarz cares about your gaming experience, and they put their money where their mouth is. They offer triple-tiered support via live chat, email, and 3 forms of social media. Of course, you can expect immediate replies from real people around the clock at Bitstarz.

Although we didn’t find a phone number here, Bitstarz’s live chat team has earned 2,000+ positive reviews from verified players. You can also follow them on Twitter, Facebook, and Instagram for the latest news updates.

>> Score your 1 BTC first deposit bonus at Bitstarz

3. Ignition – Best Bitcoin Online Casino for Poker

Pros:

• 250+ high-quality games
• 24/7 live poker room
• Accepts 5 forms of crypto
• Welcome bonus up to $3,000
• Chat, email + forum support

Cons:

• Limited slot selection
• Could use more reload bonuses

Ignition is a capable crypto casino in its own right, but most players swing by for the 24/7 real money online poker room. You’ll enjoy real-time games against thousands of other people around the clock.

Game Variety: 4.5/5

Ignition hosts 250+ online slots, 34+ live dealer games, and 8+ virtual sports betting options. However, their 24/7 live poker room is the main attraction here, filled with daily poker tournaments for both low-stakes players and high-rollers (we’re talking over $100k in GTDs).

Ignition’s live poker tables are 5-10% softer than average, and coming across a professional card player isn’t really a problem because the tables are anonymous, and you are protected from someone studying your gameplay.

You can also download a real money online casino app to play poker at Ignition. That said, all the other games are available in instant play via a mobile browser.

Welcome Bonus: 4.8/5

Ignition offers two welcome bonuses – one for fiat currency users and the other for crypto players. Since we’re all about crypto today, let’s take a look at that one.

Your first cryptocurrency deposit at Ignition will be matched by 300% up to $3,000, with one-half of the bonus (150% up to $1,500) allocated toward the casino section and the other half for poker.

Your casino bonus will be immediately available to use on slots and table games, which you can earn back and convert to real money if you meet the fair 25x wagering requirements – just keep in mind that only slot games contribute 100% toward the wagering requirements.

The poker bonus will remain locked in your account, and you can unlock it in increments by playing poker and earning Ignition Miles.

Payment Methods: 4.5/5

You can use a debit card, Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and USDT to initiate deposits and withdrawals at Ignition Casino. Crypto players only need to deposit $20 before getting started, but debit card users must deposit $25 or more to play real money games.

Crypto players can withdraw as little as $10 or as much as $9,500 per transaction, which gets higher as you progress in Ignition’s VIP program. All crypto withdrawals are free of charge, but you’ll have to wait 24 hours before getting paid.

Customer Support: 4.6/5

Ignition offers excellent customer support – every agent we spoke to was professional and courteous. Their 24/7 live chat team fires back immediate responses, and our experts waited just 6 hours for a return email.

The FAQ section and Ignition Forum are quite broad as well. With a few minutes of research, it’s easy to find previously asked questions or post your own inquiries. Ignition’s community of players and staff is always happy to lend a helping hand.

>> Get your $3,000 welcome bonus at Ignition

4. Super Slots – Best Bitcoin Casino for Live Dealer Games

Pros:

• Two live casinos with 30+ live dealer games
• Progressive jackpot on Live Casino Red Blackjack
• Accepts 18 forms of crypto
• Up to 300 free spins
• 24/7 live chat and email support

Cons:

• Design is not the best
• Welcome bonus could be better

Super Slots lives up to its name with 350+ crypto reels and tables, but even though count-intuitive for a casino named Super Slots, the selection of 30+ live dealer games is the highlight here.

Game Variety: 4.5/5

Between their Black and Red live casino sections, our experts found 30+ live dealer games at Super Slots. You can play 10+ blackjack variants, American and European roulette, baccarat, and Super 6 while a professional calls the shots in real time.

You can also opt into Super Slots’ Wild Diamond 7s jackpot side bet. For just $1, you’ll have a chance to win six-figure prizes if the cards land in your favor. Chances are quite slim, though, as you’ll need to make 21 with three diamond 7’s.

Welcome Bonus: 4.5/5

New players can score a generous welcome package at Super Slots – up to 300 free spins, to be exact. Plus, it is also home to various reload promotions, regular tournaments, and more.

Payment Methods: 4.6/5

Super Slots accepts debit card deposits, bank transfers, money orders, and 18 forms of cryptocurrency – from Bitcoin and Bitcoin Cash to Avalanche and Cardano.

While every crypto payout at Super Slots is fee-free, you’ll wait up to 2 days for delivery.

Customer Support: 4.7/5

Super Slots’ customer support options align with industry standards – you can get in touch with a real person via 24/7 live chat or email. If you want our advice, we’d highly recommend their live chat team. Our experts got a reply from a real person within seconds of reaching out.

Their email support is better suited for players with more complex inquiries.

>> Enjoy your 300 free spins at Super Slots

5. MyStake – Best Bonuses of All Cryptocurrency Casinos

Pros:

• Generous bonuses & promotions
• 6,000+ crypto casino games
• 30+ sports betting categories
• Accepts 10 forms of crypto
• 170% up to $1,000 welcome offer

Cons:

• No phone support available
• Some games are geo-restricted

MyStake is a juggernaut throughout the online casino industry – they’ve got 6,000+ crypto titles, 30+ sports betting categories, and 17+ deposit bonuses in store for new sign-ups.

Game Variety: 4.6/5

MyStake offers a seemingly endless selection of 6,000+ casino games, but some of them are geo-restricted depending on your country of residence. As is the case with Bitstarz, we doubt you’ll notice the difference. Thankfully, their online sportsbook is available to everybody.

You’ll explore hundreds of betting markets across 30+ popular sports categories.

That said, if you want the most bang for your buck, we’d recommend waiting around for MyStake’s Boosted Odds. They’re highlighted in yellow and offer increased payouts on winning sports bets.

Welcome Bonus: 4.7/5

With various bonuses and promotions to choose from, you might not know where to begin.

Casino traditionalists should claim the 170% crypto bonus up to $1,000, and sports bettors will have a blast with the 100% match bonus up to $500. You can also redeem a 100% casino reload bonus of up to $500 or a 35% sports reload bonus of up to $350 with your second deposit.

Whenever you make a deposit with crypto, you’ll enjoy 10% cash-back on your losses. Finally, follow MyStake on Instagram to participate in their social media giveaway.

Payment Methods: 4.4/5

MyStake accepts 10+ forms of cryptocurrency alongside debit card payments and multiple e-wallets. You can use Bitcoin, Bitcoin Cash, LTC, ETH, USDT, and more to deposit funds. Across the board, you’ll have to deposit $20 or more to claim any of MyStake’s promotions.

If you get lucky enough to win crypto here, you’re able to withdraw as little as $20 per transaction. As a new player, the withdrawal limits are $7,500 per week and $15,000 per month.

As we’ve come to expect from MyStake, all crypto payouts are both fee-free and near-instant.

Customer Support: 4.6/5

MyStake’s customer support team is super-reliable. You can use their live chat feature, dedicated email, or external Discord server to get in touch with real team members around the clock. We’re partial to their live chat team because they generally reply in seconds.

Still, their free Discord server connects newbies with 8,500+ knowledgeable players and staff members. Explore their channels, FAQ section, or informational guides if you have any further questions.

>> Claim a 170% up to $1,000 welcome bonus at MyStake

How We Ranked the Best Crypto Casinos Online

Casino Games

Our experts prioritized Bitcoin casinos with the widest variety of casino games and sports betting options. Whether you’re here to play crypto slots, live dealers, poker tournaments, or bet on sports, rest assured that you’ll find anything you need with our top Bitcoin casinos.

Crypto Bonuses & Promotions

Most online Bitcoin casinos have bonuses and promotions in store for new players, but many of them aren’t worth claiming. Our experts gave a higher ranking to online casino sites with the lowest wagering requirements.

Deposits and Withdrawals

We paid special attention to Bitcoin gambling sites that go the extra mile by accepting multiple cryptocurrencies and offering near-instant payouts.

Customer Support Options

The best Bitcoin casinos make it easy for players to get in touch with a real person – we only review casino sites that offer 24/7 chat and email support. Our team gave a higher ranking to crypto casinos with a dedicated phone line or social media presence.

Why is mBit the Best Bitcoin Casino Site?

We’ve reviewed dozens of crypto casino sites over the years, but mBit is the best choice for new players. In this section, we’ll explain why this casino deserves a seat on the throne.

Long-Standing Reputation: mBit launched in 2014, making it one of the first online casinos to accept Bitcoin deposits. Over the past 9 years, they’ve paved the way for countless imitations to follow in their footsteps. Still, mBit finds a way to remain one step ahead of the competition.

Unmatched Game Variety: mBit hosts 3,000+ games by 37 providers. You’ll have an endless variety of crypto slots, table games, and unique provably fair online casino games at your fingertips.

Deposit Bonuses: mBit offers a fantastic welcome package of up to 2 BTC and 300 free spins. Beyond that, there’s a generous loyalty program and plenty of reload bonuses to keep your casino balance fresh.

Why Should I Use Online Crypto Casinos?

If you’re happy with traditional casinos, you’re likely wondering why the best Bitcoin casinos deserve your time and attention. Here, we’ve offered a few compelling reasons to switch.

More Exclusive Games: The best crypto casino sites are constantly adding new and exciting games to their jam-packed collections, and many of these games are exclusive provably fair titles that you cannot play at traditional online casinos.

Larger Deposit Bonuses: Bitcoin casinos typically offer larger bonuses and promotions for crypto players. For example, high rollers can play their favorite casino games with up to 4 BTC in bonuses at mBit.

Protect Your Privacy: When you make deposits and withdrawals using cryptocurrency, you’ll protect your privacy and safeguard your credit card information. Although you can use fiat currencies with our top crypto casino sites, it’s hardly a requirement to play crypto games.

Best Crypto Casinos & Bitcoin Casino Sites – FAQs

Are Crypto Casino Games Rigged?

So long as you’re playing at licensed crypto casinos, none of the slots and table games you play are rigged. When you play casino games with a licensed Bitcoin gambling site, every title is independently tested for a random outcome.

For your protection, our experts only review licensed and regulated Bitcoin online casinos.

If you choose to do your own research instead, check the bottom of your chosen site’s homepage for a certification or licensing badge. Unlicensed Bitcoin casinos are untrustworthy.

Can I Bet on Sports Using Cryptocurrency at Bitcoin Casinos?

Yes, you can browse through sports betting options with the best Bitcoin casinos. MyStake and Bovada are home to hundreds of markets across tens of popular sports categories. You can wager on upcoming horse racing events, football, basketball, esports, cricket, darts, and more.

What is the Best Crypto Casino?

Based on our expert team, mBit is the best crypto casino right now, which was selected after testing and scoring over 50 online casinos in total. We’ve tested the casinos based on their game selection, bonuses, payout speed, and cryptocurrencies supported, and customer support.

Comparison of the Top 6 Cryptocurrency Casinos

mBit: Our best Bitcoin casino offers over 3,000 casino games tested and approved by iTechLabs, a 2 BTC and 300 free spins welcome package, and some of the fastest crypto payouts in the industry – you’ll never wait for more than 10 minutes.

Bitstarz: Bitstarz is the closest runner-up and has the biggest selection of crypto games. They place 4,200+ games at your fingertips and get you started with 20 no-deposit free spins when you verify your email. Finally, new players can get their hands on a 5 BTC welcome package.

Ignition: Ignition hosts 250+ high-quality crypto games, but their 24/7 online poker room incentivizes seasoned players to stick around. Play live poker against thousands of people around the clock – and claim up to a $3,000 casino and poker welcome bonus.

Super Slots: Contrary to their name, Super Slots is best known for its collection of 30+ live dealer games. Sign up to get your 300 free spins welcome bonus.

MyStake: MyStake’s 17+ promotions accompany 6,000+ crypto games and 30+ sports betting categories. From cashback incentives to sports and casino welcome bonuses, it’s hard to find room for criticism. Get started with their 170% crypto casino match up to $1,000.

How to Sign Up With Online Crypto Casinos & Play BTC Games

By now, you’re probably wondering how to get started with the best online crypto gambling sites. Using mBit as an example, we’ve created a simple guide for beginners.

Step 1: Create A New Casino Account

• Visit the website of mBit Casino
• Enter your email address and create a password
• Click “Create Account”

Step 2: Verify Your Email Address With mBit

• Check your primary and secondary email inbox
• Look for a new confirmation message from mBit
• Click the link inside the message to verify your email

Step 3: Deposit BTC & Claim Your Welcome Bonus

• Go back to mBit’s homepage
• Click the Deposit button
• Choose your preferred cryptocurrency
• Opt in for the bonus if you wish
• Make a minimum deposit of 1 mBTC to qualify for the welcome offer
• Explore 3,000+ games!

Tips & Tricks for Playing Crypto Casino Games

Before you start gambling with the best online casinos, read this section – we’ve outlined a few tips and tricks for playing crypto games.

Purchase Cryptocurrency: If you don’t have any crypto stashed away, we’d recommend buying some Bitcoin. Crypto casinos like Bitstarz double as a free currency exchange, so you can purchase BTC, LTC, ETH, Bitcoin Cash, or DOGE using a debit card or Apple Pay on-site.

Play Demo Titles First: Don’t sink your cryptos into any particular Bitcoin casino until you’ve played a handful of free games. Demo games are just like the real thing, but there’s no real money involved. It’s easier to find new favorite games when you play for free.

Stick to Slot Games (For Now): If you decide to claim a crypto bonus with any of our top Bitcoin casinos, you’d be wise to spend most of your time playing slots. Unlike most table games and specialties, crypto slots contribute 100% of every spin toward the wagering requirements.

Ready to Join the Best Crypto Casinos Online?

If you’ve been reading up until this point, you’ve devoured a lot of useful information about the best crypto casinos – it’s time to go out there and start playing.

We ultimately recommend that you dive straight into mBit Casino and their selection of Bitcoin casino games. The truth is that you’ll have a great time with any of our top picks, so make sure you select one that you think fits you the most.

Thanks for reading, and don’t forget to wager responsibly!

Meta is exploring stablecoin-based payment infrastructure in a renewed effort to integrate blockchain technology into its platforms, Fortune reported on May 8, citing people familiar with the matter.

According to the report, the tech giant is in preliminary discussions with multiple crypto firms to evaluate stablecoins as a mechanism for managing cross-border payouts.

The discussions involve use cases like creator payouts through Instagram, where stablecoins could offer a low-fee alternative to fiat-based transfers. 

According to one executive from a crypto infrastructure firm, Meta is currently in “learn mode” and is not yet committed to a specific stablecoin provider.

The company declined to comment on the matter.

Previous attempt

Meta’s latest effort follows its high-profile but unsuccessful attempt to launch a stablecoin in 2019 under Project Libra, which was later renamed to Diem. The initiative was designed to support a global payments network backed by a basket of fiat currencies.

However, the project ended due to regulatory pressure from US lawmakers, and Silvergate Bank bought Diem’s assets. 

Ginger Baker, who joined the company in January as vice president of product, is reportedly leading Meta’s new stablecoin venture. Baker has previous experience in fintech through roles at Plaid and currently sits on the board of the Stellar Development Foundation, which oversees the Stellar blockchain.

The initiative comes amid renewed interest in stablecoins as the US looks to fully recognize and regulate them as digital representations of the dollar.

Fidelity recently revealed it is testing a stablecoin, while payments giant Visa is looking to launch a platform to tokenize fiat currencies. Bank of America has also hinted at plans to launch its own stablecoin once the regulatory environment is more certain.

Industry engagement and personnel moves

Sources say Meta has initiated outreach to crypto infrastructure firms throughout 2025, with early conversations centered on stablecoins as a tool to reduce international payment costs.

According to three people briefed on the meetings, the focus is on small-dollar payouts, especially for content creators and digital freelancers operating across multiple markets.

USDC’s issuer Circle has reportedly been in talks with Meta through Matt Cavin, a former executive at gaming blockchain startup Immutable who joined Circle in March. 

Meta CEO Mark Zuckerberg acknowledged Diem’s failure during an appearance at a Stripe conference earlier this week, where he said the project was dead. 

Zuckerberg added that while Meta often leads in adopting new technologies, it has also been forced to re-enter markets where it was previously too early or met resistance.

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