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FTX to Pay Over $5B to Creditors as Bankrupt Estate Gears Up for Distribution

CoinDesk LogoCoinDesk17h ago

FTX to Pay Over $5B to Creditors as Bankrupt Estate Gears Up for Distribution - CoinDesk

Quick Summary:

Payouts of up to 120% begin May 30 for thousands of creditors, just as U.S.regulators warm to crypto and the industry stages a comeback.

Over 90% of all claims have entered the distribution pipeline, the Repayment Trust said in its release.

Small, unsecured claimants are recovering about 61%.

More Pictures

FTX to Pay Over $5B to Creditors as Bankrupt Estate Gears Up for Distribution - CoinDesk (Picture 1)

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Article Details

Author / Journalist: Shaurya Malwa

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-16 @ 06:20:28 (17 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 165 words

Reading Time: 1 minutes read

Sentences: 23 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 28741574

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About CoinDesk

CoinDesk Logo

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 9 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

Publisher Details

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The story "FTX to Pay Over $5B to Creditors as Bankrupt Estate Gears Up for Distribution" has 165 words across 23 sentences, which will take approximately 1 - 2 minutes for the average person to read.

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The story "FTX to Pay Over $5B to Creditors as Bankrupt Estate Gears Up for Distribution" was covered 17 hours ago by CoinDesk, a news publisher based in United States.

How trustworthy is 'CoinDesk' news outlet?

CoinDesk is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 9 news stories per day.

It's most recent story was published 9 hours ago.

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  • URL: https://infodata.beamstart.com/news/ftx-to-pay-over-5b-17473804636806

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