The FTX Recovery Trust has initiated a second round of payments to its creditors. On May 30, the Trust started a $5 billion payout to eligible creditors in the Convenience and Non-Convenience Classes who have completed the pre-distribution requirements.
According to a May 28 data-ct-non-breakable=”null” href=”https://www.prnewswire.com/news-releases/ftx-commences-second-distribution-of-more-than-5-billion-to-convenience-and-non-convenience-classes-302469636.html” title=”null”>announcement, the data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/ftx-second-distribution-starting” title=”null”>creditors’ distribution will include Dotcom Customer Entitlement Claims, which are receiving a 72% distribution; US Customer Entitlement Claims, which are receiving a 54% distribution; and Convenience Claims, which will receive a 120% distribution.
Additionally,…
