$FTX FIFTH PAYOUT DROPS $900M – NEARLY $10B RETURNED 💰
FTX Recovery Trust just confirmed the 5th distribution of ~$900M starting July 31. Creditors with completed KYC and tax obligations before June 16 will receive funds within 1-3 business days. Recovery rates hit 105% for international and US customers, while small investors get up to 120%. On the same day, preferred shareholders received another $18M, bringing their total to $95M.
This marks the final stretch of the largest crypto bankruptcy in history. Five rounds over two years have returned nearly $10B – but remember, all claims were valued at Nov 2022 prices (BTC around $16K). Creditors got cash but lost the entire 3-year bull run. One day before the announcement, the US Senate voted 100-0 against any pardon for SBF.
Is the end of FTX repayments a bullish signal for the market or just old news priced in?
Not financial advice. Always manage your risk.
#FTT #FTX #Repayment #CryptoNews 💰