Finance
FTX Set to Distribute Over $5 Billion to Creditors as Bankrupt Estate Prepares for Payout
The FTX Recovery Trust is initiating the distribution of over $5 billion to creditors, starting May 30, under its court-approved recovery plan.
Crypto
FTX Begins $1.2 Billion Payouts to Creditors
The payout process for creditors of the collapsed cryptocurrency exchange FTX is now underway, with initial distributions starting in U.S. dollars.
Crypto
Mt. Gox Delays Creditor Repayment Until 2025, Easing Concerns of Bitcoin Market Impact
The trustee for Mt. Gox announces a one-year extension for repaying its creditors, minimizing immediate selling worries as the exchange still holds significant Bitcoin assets.
