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CoinGape 2025-02-18 19:40:40

Just In: FTX Announces Next Distribution Date for Customer and Unsecured Claims

Just In: FTX Announces Next Distribution Date for Customer and Unsecured Claims

FTX Trading Ltd. (FTX.com) and the FTX Recovery Trust have announced the next distribution date for customer and unsecured claims. The company has begun initial distributions to holders of approved claims in FTX’s Convenience Classes under its Chapter 11 Plan of Reorganization. FTX Next Distribution Date for Customer and Unsecured Claims According to a recent report, FTX has confirmed that the next round of distributions will take place on April 11, 2025. This round will cover Class 5 Customer Entitlement Claims, Class 6 General Unsecured Claims, and newly approved Convenience Claims that have not yet received payments. This announcement came after FTX started making payments to customers holding claims under $50,000. These payments are being processed through BitGo and Kraken, the designated Distribution Service Providers. As per the announcement, the next distribution is expected to commence on May 30, 2025. Customers and creditors with allowed claims must ensure they meet all required pre-distribution steps, including completing Know Your Customer (KYC) verification, submitting tax forms, and onboarding with either BitGo or Kraken to receive their payments. This A Developing News, Please Check Back For More The post Just In: FTX Announces Next Distribution Date for Customer and Unsecured Claims appeared first on CoinGape .

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