The FTX Recovery Trust has completed its fifth round of payments, distributing $900 million to creditors, according to CoinTelegraph. This latest payout follows previous distributions since FTX filed for bankruptcy in November 2022.
Overall, the trust and company have returned approximately $10 billion to creditors, marking significant progress in the recovery process of the collapsed crypto exchange. These repayments aim to mitigate the losses faced by FTX’s creditors after one of the most high-profile crypto bankruptcies.
For Japanese investors, this development highlights ongoing efforts in the global crypto market to resolve insolvencies and protect creditor interests amid increasing regulatory scrutiny in Japan and worldwide.