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Chapter 11 bankruptcy firm to pay $1.9 billion to creditors
FTX, the crypto exchange that went bankrupt in November 2022, announced on July 23 that the record date for claim holders is Aug. 15 and it will begin the next round of creditor claim distribution on Sep. 30. The exchange also said that the bankruptcy court has lowered the disputed claims reserve from $6.5 billion to $4.3 billion — a reduction of $1.9 billion. It means these funds, not considered disputed claims anymore, can be distributed among claim holders in the upcoming batch. FTX is required to distribute $14.7 billion to $16.5 billion among the claimants out of which it has already paid $6.2 billion in two ... (full story)
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