FTX Bankruptcy Milestone: Creditors Pocket $7.1B—More Payouts Coming Soon
FTX's collapse left scorched earth—now creditors are finally raking in the ashes.
The $7.1B clawback
Bankruptcy courts aren’t known for speed, but FTX’s estate is shoveling cash faster than expected. Seven billion already hit creditors’ wallets—with another round brewing. Turns out even crypto’s most spectacular train wrecks leave salvageable scraps.
Wall Street’s vultures feast while retail waits
Institutional creditors got first dibs—no surprise there. The little guys? Still licking wounds and praying the bankruptcy math doesn’t shortchange them. But hey, at least someone’s making money off this dumpster fire—lawyers billed $700M before the first creditor saw a dime. Classic finance.
The FTX bankruptcy estate has made substantial progress in returning funds to creditors, distributing $7.1 billion across three rounds so far. The update came from creditor representative Sunil Kavuri, who confirmed the developments in a recent post on X.
Visit Website
