FTX creditors set to receive $1.6B in third distribution round on Sept. 30

FTX creditors will receive $1.6 billion on Sept. 30 in the third major distribution since the exchange’s 2022 collapse, bringing some customers to 95% cumulative recovery rates. According to the FTX Recovery Trust’s Sept. 19 announcement, creditors must complete multiple verification steps through the FTX Customer Portal before receiving payments, which take one to three The post FTX creditors set to receive $1.6B in third distribution round on Sept. 30 appeared first on CryptoSlate.