FTX Unlocks $1.9B – Creditor Payouts Kick Off Sept. 30 (Finally)
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Bankruptcy court greenlights massive creditor cash drop—just 22 months late.
The great FTX clawback begins
After endless legal wrangling, defrauded users will see their first real recovery since Sam Bankman-Fried’s empire imploded. The $1.9 billion release marks phase two of repayments—peanuts compared to the $8 billion hole, but hey, it’s something.
Wall Street’s take? ‘Better than a 0% recovery’
Hedge funds already circling like vultures to buy claims at 65 cents on the dollar. Meanwhile, retail investors who actually used the platform get to play the waiting game. Classic crypto finance at work.
Next stop: The great crypto reckoning continues
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