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”FTX Recovery Trust Disburses $1.6B to Creditors in September”
Manage episode 507887742 series 3669879
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The FTX Recovery Trust will release $1.6 billion to creditors in September, marking the third distribution as part of a broader $16.5 billion recovery plan following the exchange's collapse.
This payout comes from ongoing asset liquidations and aims to provide liquidity and partial relief to those affected by the bankruptcy.
The trust says it remains focused on maximizing recoveries and executing further strategic disbursements to return funds to creditors over time.
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