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+--- Thread: FTX to begin $1.9B payouts in September as claims no longer disputed (/showthread.php?tid=6304009)
FTX to begin $1.9B payouts in September as claims no longer disputed - Stanley - Jul 24, 2025
FTX to begin $1.9B payouts in September as claims no longer disputed
FTX’s next $1.9 billion distribution may include repayments to jurisdictions questioned in an earlier motion that is being rewritten, creditors say.
https://cointelegraph.com/news/ftx-distribute-1-9-billion-court-approval-cut-disputed-claims?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
RE: FTX to begin $1.9B payouts in September as claims no longer disputed - SUI-3183372 - Jul 24, 2025
This $1.9b is being paid out as USD (Not USDT or USDC, no tokens, simply USD value) and will be sent directly to people's exchange accounts. For example if FTX owes you $25k, that $25k can land in your Kraken account as USD, immediately ready to be spent.
This means that the FTX payouts will cause no market sell offs, but it will definitely lead to "new" cash being injected into the landscape.
RE: FTX to begin $1.9B payouts in September as claims no longer disputed - Braco22 - Jul 26, 2025
(Jul 24, 2025 04:59 PM)SUI-3183372 Wrote: This $1.9b is being paid out as USD (Not USDT or USDC, no tokens, simply USD value) and will be sent directly to people's exchange accounts. For example if FTX owes you $25k, that $25k can land in your Kraken account as USD, immediately ready to be spent.Hopefully we'll see at least 25-50% of this money come back into markets.
This means that the FTX payouts will cause no market sell offs, but it will definitely lead to "new" cash being injected into the landscape.