FTX TO BEGIN REPAYING CREDITORS ON MAY 30

FTX will start repaying its major creditors on May 30, using $11.4 billion in cash reserves. The funds will be distributed to customers and institutions impacted by the exchange’s collapse.

The repayments follow extensive asset recovery efforts, though some creditors argue they should receive more due to crypto market appreciation. Legal disputes over final distributions remain ongoing.

Source: Bloomberg