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by: xpoolPosted on: May 17, 2025

FTX Creditors to Receive Over $5 Billion in Cash: A Major Milestone

After a tumultuous chapter, FTX creditors are set to receive over $5 billion in cash starting May 30th, 2025. This major payout is a result of the Chapter 11 Reorganization Plan overseen by John J. Ray III, a renowned restructuring expert. Distributions will be facilitated by BitGo and Kraken, ensuring swift payment processes for eligible creditors.

Related posts:

  1. FTX to Distribute Over $5 Billion in Second Payment to Creditors
  2. FTX to Pay $5 Billion to Creditors in May 2025
  3. FTX Announces Second Distribution Phase for Over $5 Billion in Creditor Funds
  4. FTX to Commence $5 Billion Creditor Payments in May 2025
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