FTX to Distribute $900M to Creditors on July 31, Fifth Payment Round

According to the FTX Recovery Trust announcement on Friday, the trust will distribute approximately $900 million to creditors starting July 31. Eligible claimants can receive funds through BitGo, Kraken, or Payoneer accounts within one to three business days. Convenience claims under $50,000 will receive a 120% reimbursement, while other claims will receive between 103-105% distribution. This marks the fifth distribution round since FTX filed for bankruptcy in November 2022.
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