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FTX to Pay $900M to Creditors in Fifth Repayment Round
FTX will distribute $900 million to creditors starting July 31, the fifth repayment round under its Chapter 11 plan. Total payouts now exceed $4 billion.
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FTX will distribute roughly $900 million to creditors starting July 31, the bankrupt exchange said. The payment is the fifth round under its Chapter 11 plan. Eligible creditors who finished all pre-distribution steps before the June 16 record date will receive funds.
The sum brings total creditor repayments past $4 billion since the plan took effect. FTX has been liquidating assets, including crypto holdings and venture stakes, to fund the distributions. The exchange said it expects further rounds as asset sales continue.