FTX Announces $900 Million Fifth Distribution to Creditors, Offering Up to 120%
FTX is set to distribute $900 million in its fifth payout under the FTX Recovery Trust on July 31. Most creditors will receive more than 100% of their claims due to interest added since November 2022, with some groups receiving up to 120%. The distribution aims to close gaps between international and U.S. customers.
Topics: bankruptcy recovery creditors FTX payout distribution