FTX will begin its fifth round of creditor distributions on July 31, allocating roughly $900 million as the collapsed exchange continues to unwind one of crypto’s most consequential bankruptcies. The payout schedule lands as Washington debates a potential U.S. ‘strategic Bitcoin reserve’ and as major asset managers expand regulated crypto access through new ETF structures.
FTX to start $900 million distribution on July 31
FTX Recovery Trust and FTX said the next creditor distribution—its fifth—will commence on July 31. Eligible creditors are expected to receive funds within one to three… Read more
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