Notice to Creditors – Leonard W. Tiedemann

Notice to Creditors – Leonard W. Tiedemann

NtC 052225 2×3 Tiedemann

FTX to Pay Over $5B to Creditors as Bankrupt Estate Gears Up for Distribution

Payouts of up to 120% begin May 30 for thousands of creditors, just as U.S. regulators warm to crypto and the industry stages a comeback. What to know: FTX creditors will start receiving over $5 billion in distributions from May 30 as part of the exchange’s recovery plan. Recoveries for creditors range from 54% to 120% of their original claims, based on the value at FTX’s collapse in November 2022. BitGo and Kraken will handle the distribution,…