The FTX Recovery Trust has confirmed a third major disbursement to creditors, with $1.6 billion scheduled for distribution in September. This payment is part of the ongoing effort to return up to $16.5 billion in recovered funds to those affected by the collapse of the former cryptocurrency exchange. The structured repayments reflect significant progress in liquidating assets and resolving claims, providing financial relief to thousands of stakeholders globally. Creditors can expect detailed communication regarding payment timelines and amounts as the trust continues its methodical approach to fund allocation. This latest distribution underscores the commitment to maximizing recoveries and restoring trust within the crypto community amid one of the industry’s most complex bankruptcy proceedings.
