FTX to begin $1.9B payouts in September as claims no longer disputed
FTX’s next $1.9 billion distribution would unlikely include repayments to jurisdictions questioned in an earlier motion, which is currently being rewritten, according to creditors.
The FTX bankruptcy estate has scheduled the next distribution to creditors, using funds no longer classified as disputed claims.
The FTX Recovery Trust and debtor FTX Trading on Wednesday announced that the next distribution is expected to start on Sept. 30, and said they will determine eligible claim holders based on a record date of Aug. 15.
The upcoming distribution would mark the third round of repayments to FTX creditors, following a $1.2 billion distribution in February and another $5 billion distribution announced in May.
