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FTX Recovery Trust to Begin $900 Million Creditor Distribution on July 31
The FTX Recovery Trust announced it will distribute approximately $900 million to creditors starting July 31, marking the fifth round of repayments since the exchange's 2022 bankruptcy. This follows a $2.2 billion distribution in March, bringing total payouts to $10 billion, while former executives remain imprisoned and Sam Bankman-Fried's pardon appeal was denied.
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Cointelegraph2 min de lectura