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by: xpoolPosted on: May 31, 2025

FTX Begins $5 Billion Creditor Distributions, Impacting Crypto Markets

FTX Trading Ltd. initiated its second round of creditor payouts totaling $5 billion, starting May 30th, 2025. The FTX Recovery Trust will manage these distributions to eligible creditors via BitGo and Kraken with payments expected within one to three business days. This distribution process is part of the company’s Chapter 11 Reorganization Plan.

Related posts:

  1. FTX to Distribute $5 Billion to Creditors: A Step Towards Closure in Crypto Crisis
  2. FTX Commences $5 Billion Stablecoin Repayment Plan
  3. FTX Begins $5 Billion Second Payment Round to Bankruptcy Claim Holders
  4. FTX Bankruptcy: $5 Billion Distribution Kick Starts Recovery Efforts
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