FTX Recovery Trust Announces $1.6B Third Payout

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The FTX Recovery Trust has confirmed its third tranche of creditor repayments, valued at $1.6 billion, set to be distributed on Sept. 30.

Key distribution breakdown:

6% for Dotcom Customer Claims

40% for US Customer Entitlement Claims

24% for General Unsecured & Digital Asset Loan Claims

120% reimbursement for Convenience Claims

This follows $1.2B in February and $5B in May, bringing total repayments close to $8B. The trust holds up to $16.5B for eventual distribution.

Traders are closely watching creditor reimbursements, as large inflows of cash may influence crypto market behavior.

[Pitchfork_IS_power]

Oh , this FTX