FTX Begins Fifth Creditor Repayment Round, to Distribute $900 Million
Uk Jin
Summary
- Bankrupt digital-asset exchange FTX is beginning its fifth round of creditor repayments.
- FTX plans to distribute about $900 million to eligible creditors.
- After the fifth round is completed, the total amount distributed to creditors will reach $10 billion.
Forecast Trend Report by Period
Bankrupt digital-asset exchange FTX is beginning its fifth round of creditor repayments.
The Block said on X on July 31 that FTX would start the latest payout round that day and distribute about $900 million to eligible creditors.
After the fifth round is completed, the FTX bankruptcy estate will have distributed a total of $10 billion to creditors. FTX has been repaying creditors in stages since filing for bankruptcy protection in November 2022.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.