Bankrupt Crypto Exchange FTX Set To Pay Out $1.6B To Creditors In Latest Distribution
The FTX Recovery Trust has unveiled plans for its third round of distributions, injecting approximately $1.6 billion back into the pockets of affected creditors.
Scheduled to commence on September 30, 2025, this payout underscores the ongoing efforts to rectify the fallout from one of the most notorious collapses in digital finance history.
Nearly three years after the crypto exchange‘s dramatic downfall, this infusion brings the total repayments to over $8 billion, offering a glimmer of closure to thousands of users worldwide.
The saga of FTX began with promise and ended in infamy.
Founded by the charismatic Sam Bankman-Fried, the platform rapidly ascended to become a titan in the crypto trading arena, boasting millions of users…
