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FTX to Begin $11.4B Creditor Payouts in May After Years-Long Bankruptcy Battle

CoinDesk LogoCoinDesk2d ago

FTX to Begin $11.4B Creditor Payouts in May After Years-Long Bankruptcy Battle - CoinDesk

Quick Summary:


Payments to FTX’s largest creditors will start May 30, nearly three years after the exchange collapsed.

The longer it takes to pay, the more the company could owe.

Interest payments are compounding the urgency.

More Pictures

FTX to Begin $11.4B Creditor Payouts in May After Years-Long Bankruptcy Battle - CoinDesk (Picture 1)

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Article Details

Author / Journalist: Francisco Rodrigues

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-29 @ 15:01:17 (2 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 219 words

Reading Time: 2 minutes read

Sentences: 24 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 27401817

View Article Analysis

About CoinDesk

CoinDesk Logo

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 23 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 12 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "FTX to Begin $11.4B Creditor Payouts in May After Years-Long Bankruptcy Battle" has 219 words across 24 sentences, which will take approximately 1 - 2 minutes for the average person to read.

Which news outlet covered this story?

The story "FTX to Begin $11.4B Creditor Payouts in May After Years-Long Bankruptcy Battle" was covered 2 days ago by CoinDesk, a news publisher based in United States.

How trustworthy is 'CoinDesk' news outlet?

CoinDesk is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 23 news stories per day.

It's most recent story was published 12 hours ago.

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  • News ID: #27401817
  • URL: https://beamstart.com/news/ftx-to-begin-114b-creditor-17432612117224

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