Short News View Non-AMP

FTX to Start Next Creditor Payout on September 30

Published by
Qadir AK

FTX will begin distributing the next batch of creditor claims on September 30 after a bankruptcy court approved reducing the claims reserve by $1.9 billion. Eligible claim holders must be on record by August 15. To date, FTX has distributed around $6.2 billion to former customers. The upcoming payouts will be handled through BitGo, Kraken, and Payoneer. The court also ordered FTX to revise its proposal for handling claims in restricted jurisdictions.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Treasury Secretary Scott Bessent Says U.S. Will Acquire More Bitcoin to Solve the $37T Debt Crisis

Scott Bessent, the current U.S. Treasury Secretary has clarified that the Donald Trump administration is…

August 15, 2025

Citigroup Considers Offering Crypto Custody Amid Regulatory Clarity

Citigroup Inc. (NYSE: C) is considering introducing crypto custody services to its customers. A top…

August 15, 2025

President Donald Trump Discredits Inflation Fears: Is Crypto Market Ready for Rebound?

President Donald Trump has discredited the inflation fears caused by Thursday’s hotter-than-expected Producer Price Index…

August 15, 2025

Coinbase CEO Armstrong Predicts a Fully On-Chain Future for All Assets

Brian Armstrong, CEO of Coinbase, believes that all assets will eventually move onto the blockchain. …

August 14, 2025

Singapore Leads in Tokenized Finance and Blockchain Innovation – Here’s How

Singapore is emerging as a leading hub for digital finance innovation. The city-state is quickly…

August 14, 2025

Could This Be the Most Famous Crypto to Ever Outperform ADA and SHIB?

The crypto landscape is crowded with projects vying for attention, but Mutuum Finance (MUTM) is…

August 14, 2025