Mar 30, 2025
FTX to Commence $11.4B Creditor Repayments in May After Bankruptcy Proceedings
The cryptocurrency exchange FTX, formerly led by Sam Bankman-Fried, is scheduled to initiate repayments to its primary creditors by the end of May, according to Bloomberg’s report on recent Delaware court proceedings. FTX has accumulated $11.4 billion in cash reserves earmarked for distribution to numerous parties impacted by its 2022 bankruptcy. Initial payouts to major creditors are slated to…