FTX to Start Next Payout Round on July 31, Resume NFT Claims Process
Summary
- Bankrupt FTX said it set June 16 as the record date for the next round of creditor payments and plans to begin distributions on July 31.
- The round will follow the same schedule for approved FTX creditor claims and equity holders and holders of preferred equity.
- The distribution process for holders of NFT customer entitlement claims will begin on June 30, and FTX said it plans to free up additional cash for payouts by reducing its disputed claims reserve by about $600 million.
Forecast Trend Report by Period
Bankrupt cryptocurrency exchange FTX outlined the schedule for its next round of distributions and plans to resume the claims process tied to NFTs.
In a post on X on May 26, FTX said June 16 will be the record date for the next round of payments to creditors. Distributions are set to begin on July 31.
The payouts will cover approved FTX creditor claims and equity holders. Payments to holders of preferred equity will follow the same schedule.
FTX also said the distribution process for holders of Allowed NFT Customer Entitlement Claims will begin on June 30.
The company added that it had filed an amended notice with the court to reduce its disputed claims reserve by about $600 million. If approved, the move would free up additional cash for the next round of distributions.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
