FTX Announces $5 Billion Repayment Plan for Creditors in May

After a lengthy period of uncertainty, FTX has announced a new phase of repayment for creditors. On May 30th, the company will distribute over $5 billion dollars to affected parties. This announcement offers a much-needed source of hope to clients and creditors who were impacted by the November 2022 collapse. The move marks a significant turning point in the legal and financial saga surrounding this once prominent cryptocurrency exchange.