FTX Sends $900 Million to Creditors in Fifth Distribution Payment
FTX has made its fifth distribution payment to creditors, sending $900 million through approved providers Kraken, BitGo, and Payoneer. The payment covered claims completed before June 16, with eligible claimants receiving funds within one to three business days.
The latest repayment brings estimated repayments toward $11 billion, with the total remaining below the plan's projected asset range of up to $16.5 billion.
A key clawback claim against Binance remains active, with FTX seeking $1.76 billion linked to a 2021 share repurchase.