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FTX: The next round of repayment distribution is expected to begin on May 30, 2025
2025-02-18 21:56

Odaily News FTX announced that it has begun the first distribution of repayments to holders of approved claims in the Convenience Classes in FTX's Chapter 11 reorganization plan. Customers are expected to receive funds within 1 to 3 business days. The expected registration date for the next round of distributions is April 11, 2025, applicable to holders of approved FTX Class 5 Customer Entitlement Claims and Class 6 General Unsecured Claims, all of which are defined in the reorganization plan (Plan). For Convenience Claims that have been approved after the initial registration date but have not yet received a distribution, the next round of registration date is also set for April 11, 2025. The next round of distributions is expected to begin on May 30, 2025.