Bankrupt cryptocurrency alternate FTX has introduced a brand new fee schedule to collectors. In accordance with info shared by Sunil, who is thought for posting on behalf of FTX collectors, the corporate is making ready a brand new distribution of roughly $2.2 billion.
In accordance with the shared schedule, the distribution registration date is ready for February 14, 2026. Fee is anticipated to be made to collectors on March 31, 2026. This distribution is the most recent installment up to now within the chapter continuing.
Wanting again at earlier funds, FTX distributed roughly $454 million for the primary time on February 18th for claims of lower than $50,000. This was adopted by a blanket fee of $5 billion for each small and enormous claims on Might thirtieth. The third distribution was made on September 30, with a complete of $1.6 billion allotted to each declare teams.
In the meantime, a surprising submit was comprised of the long-dormant X account owned by FTX founder Sam Bankman Fried. A 14-page doc printed by Bankman Freed claimed that FTX “by no means went bankrupt” and that it may now have a portfolio price $136 billion had authorized proceedings not been initiated. However legal professionals and former collectors mentioned the protection was a repeat of claims already rejected by the courtroom in 2023 and 2024. It additionally identified {that a} judicial investigation revealed that billions of {dollars} in buyer funds have been lacking.
*This isn’t funding recommendation.
