According to ME News, on July 31 (UTC+8), Sunil, representing FTX creditors, posted that the FTX distribution funds have been deposited into creditor accounts. Previously, it was reported that FTX would launch its fifth round of creditor repayments on July 31, planning to distribute approximately $900 million to creditors in the "Convenience" and "Non-Convenience" categories under the recovery plan. With this distribution now underway, the total amount repaid by the FTX Recovery Trust since FTX filed for bankruptcy in November 2022 will reach approximately $10 billion. (Source: BlockBeats)
FTX Makes Fifth Round of Compensation Payments to Creditors
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Summary
CFT compliance continued as FTX’s creditor representative, Sunil, announced on July 31 (UTC+8) that the fifth compensation payout, totaling $900 million, had been made. This brings the total distributed to $10 billion since the November 2022 bankruptcy. The payment reflects progress under the FTX Recovery Trust plan. Risk-on assets saw modest movement in response to the update, though broader market trends remained mixed.
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