FTX: FTX RECOVERY TRUST WILL DISTRIBUTE MORE THAN $5 BILLION TO CREDITORS IN THE SECOND DISTRIBUTION ON MAY 30. 💼
FTX Recovery Trust has announced plans to distribute more than $5 billion to creditors as part of its second distribution, which is scheduled for May 30. This marks a significant step in the ongoing efforts to provide financial relief to those affected by the FTX platform's previous operational issues.
The distribution is part of the company's efforts to resolve outstanding obligations and rebuild trust with its stakeholders. The first distribution was a pivotal moment in FTX's recovery plan, and this upcoming distribution aims to further restore confidence among creditors.
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