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FTX to Distribute $16B to Creditors on The 30th of May
By: bitcoin ethereum news|2025/05/04 23:00:04
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FTX is set to distribute a staggering $16 billion to its creditors by May 30th, and analysts believe this liquidity injection could flood back into digital assets. After months of legal proceedings and restructuring, FTX—the collapsed crypto exchange once helmed by Sam Bankman-Fried—is finally ready to return funds to creditors. According to the official Creditor Recovery Summary, a total of $16.254 billion in cash is expected to be paid out, with creditors receiving between 123% and 138% recovery relative to their original claims. Key Details Distribution Date: May 30, 2025 Total Recovery: Up to $16.25 billion Highest Recovery Group: Dotcom and US Customers with entitlements above 125% Notable Recovery Rates: Many customer classes receiving more than 100%, due to interest and favorable asset valuations Why This Matters This massive cash infusion—primarily to individual and institutional crypto users—is poised to re-enter the market. A significant portion of these funds could be used to repurchase digital assets like Bitcoin, Ethereum, and other altcoins. With crypto markets already heating up and Bitcoin nearing all-time highs again, this added demand could act as rocket fuel. Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','1188189499475368');fbq('track','PageView'); Source: https://coindoo.com/ftx-to-distribute-16b-to-creditors-on-the-30th-of-may/
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