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FTX Set to Distribute $1.6 Billion in Bankruptcy Repayments This Month
FTX Set to Distribute $1.6 Billion in Bankruptcy Repayments This Month
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FTX finally makes creditors whole—or at least tries to.
The crypto exchange's bankruptcy estate confirms it'll start cutting checks totaling a whopping $1.6 billion before month's end. That's real money heading back to investors who got caught in last year's epic collapse.
Timing's everything—payouts hit just as crypto markets show fresh legs. Maybe not a coincidence? Either way, it's a rare win for folks who thought their funds were gone for good.
Sure, Wall Street would've spun this into a multi-year legal saga—but in crypto, even bankruptcies move at blockchain speed. A cynical take? It’s almost like returning stolen money… but with extra steps.
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