FTX to Repay Creditors $11.4B by May 2025: A Landmark Bankruptcy Payout

The bankrupt cryptocurrency exchange FTX has confirmed plans to repay its main creditors by May 30, 2025, marking one of the largest insolvency payouts in financial history. According to Bloomberg, the repayment will be made in cash, totaling $11.4 billion, drawn from the exchange’s reclaimed assets. FTX’s Bankruptcy and Asset Recovery FTX filed for Chapter […]