NEWS 🚨🚨🚨
FTX to begin repaying creditor claims over $50,000 starting May 30, 2025. The estate has amassed $11.4 billion in cash for distributions.
FTX is dealing with billions of fraudulent claims amid “27 quintillion” total submissions 😵
CEO John Ray III, who previously managed Enron’s dissolution, has been leading FTX’s asset recovery efforts. His team has reclaimed between $14.7 billion and $16.5 billion in assets by selling stakes in tech companies, real estate holdings, and digital currencies. 🙏🙂↕️
