FTX Cuts $5B Check to Creditors—Bankrupt Exchange Finally Coughs Up

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2025-05-16 06:20:28

FTX to Pay Over $5B to Creditors as Bankrupt Exchange Gears Up for Distribution

After years of legal wrangling and empty promises, FTX is cutting checks—not trading fees—to its burned creditors. The collapsed crypto giant will distribute over $5 billion, proving even bankrupt exchanges can find loose change in the couch cushions.

Who gets paid first? Lawyers, obviously. Then the VIP clients who screamed loudest. Retail traders? They’ll get their crumbs—just in time for the next bull run to make them forget the pain.

Lesson learned? Never trust a crypto exchange that spends more on Super Bowl ads than cold wallets. But hey—at least someone’s getting paid back in actual dollars, not ‘FTT’ monopoly money.

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