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FTX to Distribute $1.9 Billion to Creditors on September 30
In a significant development, FTX has announced that it will distribute approximately $1.9 billion to creditors on September 30. This substantial payout is a result of the court’s approval to reduce the disputed claims reserve by the same amount.
As per the information available, the record date for eligibility is set as August 15. This payment marks the third major repayment round in 2025, following earlier distributions in February and May.
The September distribution will prioritize verified, registered, and approved claims. Only these accounts that have completed all procedural and legal requirements will receive payment. It is essential to note that no claims are being included in this round that are still under dispute or legal review.
A significant portion of the $1.9 billion payout will be allocated towards Convenience Claims (Class 5) totaling up to $50,000. These claimants had already received their initial claims and interest payment earlier this year. The latest distribution aims to settle outstanding balances.
Source: coinchapter.com
