The bankrupt cryptocurrency trade FTX has introduced a brand new fee schedule for its collectors. Based on data shared by Sunil, who is thought for posting on behalf of FTX collectors, the corporate is getting ready to make a brand new distribution of roughly $2.2 billion.
Based on the shared schedule, the registration date for distribution is ready as February 14, 2026. Funds are deliberate to be delivered to collectors on March 31, 2026. This distribution would be the latest fee installment made to this point within the chapter course of.
Wanting again at earlier funds, FTX first distributed roughly $454 million on February 18th for claims underneath $50,000. This was adopted by a complete fee of $5 billion on Could thirtieth, overlaying each small and large-scale claims. The third distribution befell on September thirtieth, with a complete of $1.6 billion allotted to each declare teams.
Then again, a putting put up was made out of the long-dormant X account belonging to FTX founder Sam Bankman-Fried. In a 14-page doc revealed by Bankman-Fried, it was claimed that FTX “by no means went bankrupt” and will have had a portfolio price $136 billion at present if authorized proceedings hadn’t been initiated. Nonetheless, attorneys and former collectors said that this protection is a repetition of arguments already rejected by the courts in 2023 and 2024. In addition they identified that judicial investigations have revealed billions of {dollars} lacking from buyer funds.
*This isn’t funding recommendation.
