FTX Fifth Round Repayment Has Been Deposited into Creditors' Accounts

TechFlow reports that on July 31, FTX creditor representative Sunil stated in a post that FTX distribution funds have been deposited into creditors' accounts.

As previously reported, FTX Recovery Trust and FTX announced that the fifth round of creditor payments will commence on July 31, planning to distribute approximately $900 million to creditors in the "Convenience" and "Non-Convenience" categories under the recovery plan.

With the launch of this round of distribution, since FTX filed for bankruptcy in November 2022, the cumulative payment amount by FTX Recovery Trust will reach approximately $10 billion.