FTX to Begin Next Creditor Repayment by End of March 2026, Potential Increase in Distribution Due to Reserve Cuts

The bankrupt cryptocurrency exchange FTX announced on the 13th that the next repayment to creditors is scheduled to begin on March 31, 2026. The distribution will be made to creditors recorded as of February 14, facilitated by FTX's distribution service providers BitGo, Kraken, and Payoneer. Furthermore, FTX has submitted a crucial amendment proposal to the bankruptcy court. This proposal aims to reduce the substantial reserves held for currently disputed claims, which, if approved, could potentially add funds to future distributions to creditors. Specifically, from $4.6 billion...