FTX to pay $5B to creditors as part of defunct crypto exchange's recovery plan

1 month ago 3
Former FTX CEO Sam Bankman-Fried Attends Hearing To Determine Bail Revocation

Michael M. Santiago/Getty Images News

FTX (FTT-USD), the now-defunct crypto exchange founded by convicted felon Sam Bankman-Fried, is returning more than $5B to creditors starting May 30, as part of its broader recovery plan to manage assets for creditor repayments.

Holders of allowed claims in

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