BitGo, Kraken, or Payoneer within days. FTX will distribute approximately $2.2 billion to creditors on March 31, marking the fourth round of repayments since the exchange collapsed in November 2022 and wiped out billions in customer funds almost overnight. Eligible creditors who have completed the required verification steps should expect funds to arrive within one to three business days through t
FTX to Pay $2.2 Billion to Creditors on March 31 in Fourth Distribution Since Collapse
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FTX to distribute $2.2 billion to creditors in the fourth repayment round. Some creditor classes will recover up to 100% or more, including 120% for convenience claims. Payments will be processed via BitGo, Kraken, or Payoneer within days. FTX will distribute approximately $2.2 billion to creditors on March 31, marking the fourth round of repayments since the exchange collapsed in November 2022 and wiped out billions in customer funds almost overnight. Eligible creditors who have completed the required verification steps should expect funds to arrive within one to three business days through their chosen distribution service provider, either BitGo, Kraken, or Payoneer. Who Gets What The fourth distribution covers several creditor classes with different recovery rates: Class 5A Dotcom Customer Claims receive an additional 18%, bringing their total recovery… Read The Full Article FTX to Pay $2.2 Billion to Creditors on March 31 in Fourth Distribution Since Collapse On Coin Edition .