BREAKING: Following Today’s Distributions, FTX Sets Date for Next Major Creditor Repayments
The bankrupt cryptocurrency exchange FTX has shared the next major token redemption date with its users. Here are the details.
According to the latest information, FTX plans to make the next distribution on April 11, 2025 for customers with a balance over $50,000.
“Today, we are pleased to begin the initial distributions and determine the timeline for our next distribution,” said John J. Ray III, plan administrator for the FTX recovery trust and CEO of FTX Debtors. “FTX appreciates the patience and cooperation of our customers and creditors throughout this complex process. Our work is not over, and we intend to continue our recovery efforts and return funds to additional claim classes.” The funds will be distributed through BitGo and Kraken, which provide withdrawals to customers.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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