by: xpoolPosted on:

FTX Commences $5 Billion Creditor Repayment: Second Major Distribution Approaching

FTX is set to distribute over $5 billion in the second major creditor repayment from its bankruptcy fund, starting May 30, 2025. The plan involves releasing funds directly to creditors with claims exceeding $50,000, granting a 72.5% upfront reimbursement. This move follows an initial $4.7 billion distribution in March 2025 and signifies a cautious approach by FTX Recovery Trust.

Related posts:

  1. FTX EU Users Can Access Euros via Backpack in Recovery Process
  2. FTX to Distribute $5 Billion in Creditor Payments by May 2025
  3. FTX Starts Repayment for Creditors, Offering Up to 120% Returns
  4. FTX Payouts Begin: Small Claims to Receive Funds on May 30