FTX Creditors Receive 120% Payouts on Small Claims, Partial on Large Claims

FTX Recovery Trust v. AZA Finance et al: Complaint (‘$50M Fraudulent Transfers’)

Complaint “for the turnover of over $50 million in estate assets” in FTX Recovery Trust v. NeWurth S.A., d.b.a. AZA Finance, of Luxembourg; B Transfer Services Limited, of England; BT Payment Services Nigeria Ltd., of Nigeria; Transferzero Money Transfer EP SA, of Spain; BT Payments Services Uganda Ltd., of Uganda; Elizabeth Rossiello, Adam Gouveia, Marleen Haye, Callum Dryden, Min-Si Wang, Charlene Chen, Linda Levinson, and Tomoyuki Nii at the …

FTX Creditors Receive 120% Payouts on Small Claims, Partial on Large Claims

FTX’s creditor repayments are progressing almost three years after its collapse. New details have emerged, which reveal that smaller claims are receiving 120% payouts and larger ones are paid 72.5% so far. Additional distributions are planned through 2027, which aim to complete full recoveries for larger creditors. FTX Payout Progress Sunil Kavuri, the FTX creditor activist, revealed that claims under $50,000 received 120% payouts in February an…