FTX Prepares $900 Million Creditor Distribution Amid Ongoing Bankruptcy

FTX, the cryptocurrency exchange now navigating bankruptcy proceedings, is set to distribute approximately $900 million more to its creditors later this month.

The announcement marks another significant step in the company's ongoing efforts to repay those affected by its dramatic collapse in late 2022.

Eligible creditors are expected to receive their funds within three business days of the distribution date, as per a court-approved plan to return assets to customers and other stakeholders.