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FTX Cuts $5B Checks in Second Creditor Payout—Better Late Than Never
FTX Cuts $5B Checks in Second Creditor Payout—Better Late Than Never
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Bankrupt crypto exchange FTX just kicked off its second round of creditor repayments—$5 billion worth of ’sorry we lost your money’ envelopes hitting inboxes. The move comes after years of legal wrangling and enough paperwork to bury a Bitcoin mine.
Who’s getting paid? Mostly institutional players and retail traders who didn’t flee to decentralized exchanges after the collapse. Payout amounts remain opaque—classic crypto transparency at work.
While victims finally see some recovery, the irony isn’t lost: a centralized exchange blowing up did more for crypto education than any ’number go up’ bull run. Maybe next time they’ll just put ’not your keys, not your coins’ in the terms of service—in 4pt font.
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