FTX Starts Repayment to Main Creditors: $11.4 Billion Cash Funds to Be Used

FTX, after its collapse in November 2022, is initiating payments to its main creditors using approximately $11.4 billion in recovered funds. The company will begin with a payment to this group on May 30th, as confirmed by bankruptcy attorney Andrew Dietderich who recently took over the Chapter 11 case. While minor creditors have already started receiving payouts, major creditor payments are expected to start soon.