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FTX Prepares September Creditor Payouts Following $1.9B Slash—Here’s What’s Next
FTX Prepares September Creditor Payouts Following $1.9B Slash—Here’s What’s Next
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FTX creditors, brace yourselves—the next payout wave hits in September. But don’t pop the champagne yet.
The bankrupt exchange just lopped off $1.9 billion from its repayment pool. That’s right—billions vanished faster than a meme coin’s liquidity.
Why the haircut? Blame the usual suspects: clawbacks, asset freezes, and the cold math of bankruptcy courts. Meanwhile, lawyers keep billing by the hour.
September’s payout might sting, but it’s still a step toward closure. Just don’t expect crypto prices from 2021.
Pro tip: If you’re waiting for a bailout, maybe reconsider that ‘diamond hands’ strategy.
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