Crypto Exchange FTX exchanged bankruptcy that officially launches in the second round of payment of creditors with a value of $ 5,400,000,000
FTX Crypto Excination has started to distribute more than $ 5.4 billion to creditors.
Payments represent the second round of the stock exchange after it began to classify the smaller creditors in the “comfort category” of FTX to receive Payment in February.
The creditors include the “comfort category” and the largest demands. They will all get the money via Bitgo or Kaken within a day to three working days from Friday, for every new press release.
FTX will provide payments from its cash reserves of $ 11.4 billion, and the stock exchange says that subsequent distributions will be announced “in time”.
In October, the US Greenlit FTX’s bankruptcy plan to distribute payments valued at $ 14.7 billion and $ 16.5 billion to former customers at Crypto Exchange.
The plan calls for 98 % of the stock market creditors to obtain about 119 % of their property value on the day FTX for bankruptcy in November 2022.
The increasing payments will make the encryption prices and FTX share by 8 % in the artificial intelligence company (artificial intelligence) research.
FTX bombed and submitted to bankrupt it amid accusations that he was the then CEO, Sam Bankan Farid, the stock exchange’s mismanagement by approving billions of dollars from customer deposits to Alameeda research, the commercial company arm.
An American judge sentenced Benkman prison for 25 years in prison last year after being convicted of fraud in 2023.
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