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by: xpoolPosted on: March 31, 2025

FTX to Make $11.4 Billion Debt Payment, Largest Insolvency Case in History

Cryptocurrency exchange FTX has announced plans to repay its creditors a record-breaking $11.4 billion by May 2025, marking one of the largest payouts from bankruptcy ever seen in financial history. The repayment will be funded by assets recovered since FTX’s Chapter 11 filing following founder Sam Bankman-Fried’s misappropriation of customer funds.

Related posts:

  1. FTX Founder Sam Bankman-Fried Back on Social Media After Jail Sentence
  2. FTX Begins Major Repayments: Bitcoin Claims at 20% Value
  3. FTX Starts Repayment to Main Creditors: $11.4 Billion Cash Funds to Be Used
  4. Solana Price Drops Below $160 Amidst Concerns Over FTX Unlock Event
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