by: xpoolPosted on:

FTX to Return $5 Billion to Creditors: Second Phase of Repayment Begins

The FTX Recovery Trust has announced plans to distribute over $5 billion in funds to creditors. These payments will begin on May 30th and are expected to take 1-3 business days to process. This marks the second phase of FTX’s repayment strategy, following an initial phase that began in February 2023.

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