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Key Takeaways
- The fifth distribution totals approximately $900 million.
- Some creditors received funds while others remained waiting.
- Recovery percentages use bankruptcy-era dollar claim values.
- Binance litigation will not fund this distribution.
The fifth round will distribute approximately $900 million to holders of allowed claims who completed all requirements by the June 16 record date.
Payments are being delivered through BitGo, Kraken and Payoneer. Eligible creditors were told to expect the funds within one to three business days beginning July 31.
An FTX creditor advocate known as Sunil on X reported that distributions had begun appearing in accounts. Some users confirmed receiving their funds, while others said nothing was visible through BitGo or their selected provider several hours later.
FTX Distribution are deposite...
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