FTX Cuts $5B Check to Burned Creditors—Round Two Drops Soon
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Bankrupt crypto exchange FTX is back with another round of payouts—this time shoveling over $5 billion to creditors left holding the bag. The move comes after months of legal wrangling and asset liquidation that would make even Wall Street blush.
Who gets paid? Creditors who filed claims before the court-imposed deadline are first in line. Expect clawbacks, delays, and the usual circus of bankruptcy proceedings—because nothing in crypto fails simply.
Why it matters: This distribution proves even collapsed crypto giants can cough up cash... eventually. Just don’t ask how much they lost in the first place.
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