✅ FTX would distribute 5 billion dollars to creditors on May 30😤✅
What to know
FTX will distribute 5 billion dollars to creditors on May 30.
The largest reimbursement round to date.
Distribution through BitGo and Kraken.
5 billion dollar reimbursement to FTX creditors
FTX Recovery Trust will release 5 billion dollars to eligible creditors on May 30 through BitGo and Kraken, according to bankruptcy data.
The reimbursement reflects efforts to mend relationships with customers. Market observers predict an increase in liquidity that could have a favorable impact on cryptocurrency prices. FTX Recovery Trust, Official Statement - "FTX will begin distributions to holders of allowed claims in the convenience and non-convenience classes of the Plan who have completed pre-distribution requirements on May 30, 2025."
