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FTX to Pay Over $5B to Creditors as Bankrupt Estate Gears Up for Distribution

CoinDesk LogoCoinDesk18h ago

FTX to Pay Over $5B to Creditors as Bankrupt Estate Gears Up for Distribution - CoinDesk

Quick Summary:

Payouts of up to 120% begin May 30 for thousands of creditors, just as U.S.regulators warm to crypto and the industry stages a comeback.

Over 90% of all claims have entered the distribution pipeline, the Repayment Trust said in its release.

Small, unsecured claimants are recovering about 61%.

More Pictures

FTX to Pay Over $5B to Creditors as Bankrupt Estate Gears Up for Distribution - CoinDesk (Picture 1)

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Article Details

Author / Journalist: Shaurya Malwa

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-16 @ 06:20:28 (18 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 165 words

Reading Time: 1 minutes read

Sentences: 23 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 28741574

View Article Analysis

About CoinDesk

CoinDesk Logo

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 16 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

Publisher Details

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The story "FTX to Pay Over $5B to Creditors as Bankrupt Estate Gears Up for Distribution" has 165 words across 23 sentences, which will take approximately 1 - 2 minutes for the average person to read.

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The story "FTX to Pay Over $5B to Creditors as Bankrupt Estate Gears Up for Distribution" was covered 18 hours ago by CoinDesk, a news publisher based in United States.

How trustworthy is 'CoinDesk' news outlet?

CoinDesk is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 16 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #28741574
  • URL: https://quasi-deafly.beamstart.com/news/ftx-to-pay-over-5b-17473804636806

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