FTX Recovery Trust, the entity that oversees the distribution of funds from Excination Crypto Exchange, has announced the third segment of distributions for creditors, at a value of $ 1.6 billion.
According to Friday advertisementSeptember 30, and creditors must obtain money in their accounts within three working days from the date of payment.
The third distribution includes a 6 % payment for dotcom customer demands, a 40 % distribution for customer entitlement demands in the United States and a 24 % distribution for unprecedented public demands and digital asset loans. Recolving comfort will receive 120 % payment as part of the September payments.
FTX’s recovery confidence has started Compensation of creditors in February By paying $ 1.2 billion, and followed with a Distribution of $ 5 billion in May. TRUST has up to $ 16.5 billion of assets allocated to its former creditors and customers.
the FTX exchange collapse In 2022, shock waves were sent across the encryption world and deepened the encrypted bear market that started at the beginning of that year. Traders and investors continue to monitor the FTX Recovery Trust compensation for possible effects on the encryption markets.
Related to: Kroll faces the semester suit, where FTX creditors claim e -mails for daily sabotage
Sam Bankan, former FTX CEO, to resume his conviction in November
In November 2023, SAM “SBF” Bankman-PRIED, founder and former CEO of FTX, was. I am convicted of seven chargesIncluding wire fraud, wire fraud, securities fraud, fraud, and conspiracy money laundering.
It was the fried bank He was sentenced to 25 years in prison In March 2024, Judge Luis Kaplan, who supervised the trial and sentenced Benkan Al -Muqali, described the collapse of the stock exchange and SBF role in the explosion as a “serious” crime justifying decades behind bars.
https://www.youtube.com/watch?
Lawyers have been appointed for bankman-fried The resumption of his conviction In November, on the pretext that he had not received a fair trial because he was initially convicted.
Lawyers also argued that FTX was never insolvent and always had money to meet their obligations and pay customers and creditors.
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