FTX to Distribute Over $5 Billion to Creditors Starting May 30 Under Reorganization Plan

FTX Trading Ltd., the collapsed crypto exchange once helmed by Sam Bankman-Fried, will begin a large-scale distribution of over $5 billion to its creditors starting May 30, 2025. This second wave of disbursements comes as part of the company’s broader Chapter 11 reorganization plan and signals progress in repaying victims of the 2022 FTX collapse.  […] The post FTX to Distribute Over $5 Billion to Creditors Starting May 30 Under Reorganization Plan appeared first on Coin Edition.