FTX to distribute roughly $900 million to creditors in fifth payout on July 31
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Promote with Leviathan NewsThat 120% convenience-class recovery is bankruptcy math: customer balances were dollarized under a court-approved conversion table instead of returning the coins held on November 11, 2022. FTX’s July 17 release puts the incremental recovery at 9% for Class 5A, 5% for 5B, and 3% for 6A/6B after $10.313 billion had already been distributed by March 31, 2026.
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