by: xpoolPosted on:

FTX to Distribute $5.4 Billion in Creditors’ Payouts, Starting May 30

Crypto exchange FTX is set to begin distributing over $5.4 billion to its creditors starting on May 30th. This follows court approval and asset recovery efforts, with the payout coming from a remaining $11.4 billion in cash reserves. The payments will reach 98% of customers, who are expected to receive approximately 119% of their original claims value.

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