FTX quits the second chapter 11 distribution for May 30, 2025: Verified creditors wave repayments of 54-120% via Bitgo or octopus.

Veröffentlicht:

Von:

FTX kündigt zweite Kapitel-11-Verteilung für den 30. Mai 2025 an Die FTX Trading Ltd. hat die bevorstehende zweite Verteilung im Rahmen des Kapitel-11-Insolvenzverfahrens angekündigt. Diese wird am 30. Mai 2025 stattfinden und bietet verifizierten Gläubigern eine Rückerstattung von voraussichtlich 54-120%. Die Zahlungen werden über die Plattformen BitGo oder Kraken abgewickelt. Kapitel 11 des US-Insolvenzrechts ermöglicht …
FTX quits the second chapter 11 distribution for May 30, 2025 to FTX Trading Ltd. has announced the upcoming second distribution as part of the chapter 11 insolvency proceedings. This will take place on May 30, 2025 and offers verified creditors a reimbursement of 54-120%. The payments are handled via the Bitgo or octopus platforms. Chapter 11 of US insolvency law enables ... (Symbolbild/KNAT)

FTX canceled the second chapter 11 distribution for May 30, 2025 to

The FTX Trading Ltd. has announced the upcoming second distribution as part of the chapter 11 insolvency proceedings. This will take place on May 30, 2025 and offers verified creditors a reimbursement of 54-120%. The payments are handled via the Bitgo or octopus platforms.

Chapter 11 of US insolvency law enables companies to continue operating during insolvency proceedings and restructuring their debts. After bankruptcy, FTX was in a complex process for repaying claims to the creditors. The planned distribution represents progress in this procedure and gives the affected creditors hope for partially repayments of their invested funds.

The reimbursement rate of 54-120% means that the creditors can count on variable reimbursement, depending on various factors that may affect the amount of repayment.

The use of Bitgo and octopuses for payment processing could also mean that FTX maintains the trend towards digital assets and cryptocurrencies to ensure the efficiency and safety of transactions.

Overall, this is an important step for FTX and its creditors and shows the progress in insolvency proceedings, while the company continues to work on a solution to repay the debts.