The bankrupted crypto exchange FTX has recently announced the scheduled date for its upcoming payment to creditors, signaling another significant step in the ongoing bankruptcy proceedings.
According to a statement from Kraken, disbursements to FTX’s creditors are planned for May 30, 2025. This distribution represents a crucial step forward in the process that has unfolded since the collapse of FTX in November 2022.
Important Developments in the Payment Process
This latest announcement follows a series of delays that have particularly affected larger creditors. Smaller creditors, in contrast, had already begun receiving partial payments during earlier phases of the process.
Even with this scheduled payment signaling progress, many details remain undisclosed. The exact total amount to be distributed and the specific percentages allocated to each claim are still under consideration by the bankruptcy administrators.
Ongoing Uncertainty and Cautious Optimism
This development has renewed interest among both individual investors and institutional entities who have been closely monitoring FTX’s liquidation. Many are eager for further clarification regarding potential recoveries and the overall timeline for the resolution of outstanding claims.
While this payment schedule reinforces the commitment to resolving creditor claims, additional updates are anticipated as the bankruptcy process advances and more detailed information becomes available.
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