FTX Has Already Distributed $7.1B: Next Round Could Hit Early 2026

FTX Has Already Distributed $7.1B: Next Round Could Hit Early 2026

FTX creditor representative Sunil Kavuri said the bankrupt exchange has now completed three payout rounds of about $7.1 billion. The bankruptcy estate of the now-defunct crypto exchange, which collapsed in November 2022, has taken almost three years to reach this stage. Next Distribution Lined Up for January According to his latest update on X, FTX distributed $454 million on February 18 to claims under $50,000, followed by a much larger $5 bill…

FTX Completes $7.1 Billion in Creditor Repayments

FTX’s road to recovery continues, and this time, with real numbers on the board. According to creditor representative Sunil, the collapsed crypto exchange has completed three major payout rounds, returning a total of about $7.1 billion to claimants. Before Distribution Total FTX Assets: $16bn/$17bn Distributions18th Feb: $454m claims $50k 30th Sept: $1.6bnClaims > $50k, Claims