The FTX Recovery Trust has launched its fifth round of creditor repayments, distributing approximately $1.9 billion to eligible claimants as part of the ongoing bankruptcy process. According to the company, creditors should receive their funds within one to three business days, marking another milestone in the wind-down of the failed cryptocurrency exchange. The latest distribution follows FTXs court-approved bankruptcy plan, which determines repayment amounts based on creditor classifications. Under the plan, international customers will receive 105% of their approved claims, including a 9%… Read more
Aside from a few more substantial moves of several thousand dollars in 24 hours or so, bitcoin’s price actions have been largely muted for months.
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