Bankrupt Exchange FTX Set to Repay $1.6B to Creditors Starting on Sep. 30

CN
coindesk
Follow
5 hours ago


FTX’s bankruptcy estate is set to release $1.6 billion of funds to creditors at the end of the month, marking the third major payout following the crypto exchange's implosion nearly three years ago.

The FTX Recovery Trust, which oversees the bankruptcy process, announced on Friday that payments will begin on September 30 for creditors who have completed verification steps on the FTX claims portal. Funds will be routed through service providers BitGo, Kraken or Payoneer and are expected to land in accounts within three business days.

U.S. customer claims will receive 40% in the latest round, bringing their total recovery so far to 95%, the press release said. "Dotcom" customers, users of the exchange's international arm, will see an additional 6% payout, for 78% in cumulative distributions. General unsecured and digital asset loan claims are set for a 24% payout, raising recoveries to 85%. Convenience claims will be paid out at 120%, exceeding the face value of what was owed.

The September distribution follows earlier rounds that has returned over $6 billions to creditors, part of a process aimed at recovering assets to users of the once-prominent crypto exchange, which collapsed in November 2022 pushing the crypto industry into a deep bear market. Sam Bankman-Fried, the founder and CEO of the exchange, is currently serving a 25-year sentence after he was convicted of seven counts of fraud and conspiracy.


免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink