FTX Recovery Trust to Distribute Additional $1.6B to Creditors

The FTX Recovery Trust is preparing a third round of distributions to creditors, totaling $1.6 billion, as it continues efforts to return funds tied to the collapsed crypto exchange. Key Takeaways: The FTX Recovery Trust will distribute $1.6 billion to creditors on September 30, bringing total payouts to $7.8 billion. US customer claims will receive 40%, while convenience claims are set for a 120% reimbursement in this latest round. With over $16 billion in recoverable assets, how remaining funds are ...