FTX is set to distribute another $900 million to creditors, pushing total repayments since its 2022 collapse to nearly $10 billion. Many creditors are set to recover more than their original claim value, with some smaller accounts receiving up to 120%.
FTX is set to begin distributing another $900 million to creditors. The payout will push total repayments since the cryptocurrency exchange's 2022 collapse to nearly $10 billion.
Many creditors are expected to recover more than 100% of their original claim value based on the bankruptcy filing date. Some smaller accounts could receive up to 120% of that value.
The latest round marks another step in FTX's bankruptcy process and creditor recovery efforts.
Source: Coinpedia Fintech News (snippet-based)
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