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FTX to distribute roughly $900 million to creditors in fifth wave of payouts
FTX said it will start distributing roughly $900 million to creditors beginning at the end of the month, according to an announcement from Friday. This marks the fifth distribution for the failed crypto exchange plans on making as part of its bankruptcy. In March, FTX distributed $2.2 billion to creditors. So far, the company's bankruptcy estate has distributed nearly $10 billion to creditors and other claimants since repayments began in 2025. Similar to last distribution, eligible recipients part of the company's Chapter 11 bankruptcy plan's Convenience and Non-Convenience classes are expected to receive their funds ... (full story)
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