FTX will make new payments for USD $ 1.6 billion at the end of September

This would be the third round of payments for those affected after the collapse of the Exchange. Payments are going to turn to duly registered customers, through platforms such as Bitgo, Kraken and Payoneer.

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• Third important payment after the collapse of the Exchange.
• Distribution includes US and international customers.
• Recoveries exceed 6,000 million dollars since 2022.

The exchange founded and directed by Sam Bankman-Fried currently in bankruptcy, Ftx, He announced that as of September 30 will release USD $ 1.6 billion for creditors verified on the claims portal enabled by the platform. This process marks the third major payment since the collapse of the Exchange almost three years ago and seeks to accelerate the restitution of funds to those affected.

According to recently published reports, payments will be processed through Bitgo, Kraken and Payoneer, with the expectation of reaching user accounts within an approximate period of three business days. The trust indicated that this scheme aims to expedite distribution logistics and give greater transparency to payment flows.

Details of this new round of payments

American customers will receive 40% in this round, raising their total recovery to 95%. The calls “Dotcom Customers “which operated in the international subsidiary, will receive an additional 6%, adding a 78% accumulated recovery. Non -guaranteed general claims and digital asset loans will have a 24%payment, increasing their 85%recoveries. In the case of convenience claims, 120%will be disbursed, exceeding the nominal value due.

This recovery level reflects the strategy of the trust to maximize the return of assets to the different categories of creditors. The process, however, remains subject to regulatory verifications and requirements that may vary according to the user’s jurisdiction.

About the collapse and recovery of funds

FTX He collapsed in November 2022 after declaring himself in bankruptcy, an event that deepened the pertomoned bearish market and generated repercussions throughout the digital financial ecosystem. Since then, the trust has recovered and distributed more than USD $ 6,000 million, demonstrating constant advances in asset management and litigation resolution.

The case was also marked by the trial against Bankman-Fried, founder and former CEO of Ftx, who currently serves a 25 -year sentence after being found guilty of seven fraud and conspiracy positions. His fall has become one of the most significant episodes in the history of cryptoactives, although he will try to appeal his sentence in November this year.

Perspectives for creditors

With this new disbursement, a large part of the creditors are expected to approach an almost total restitution of their funds. However, there are still active for liquidation and pending litigation that could extend the process in the coming years. The trust reaffirmed its commitment to keep the creditors informed and continue the distributions as new resources are recovered.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Unspash, edited with Canva

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