FTX plans to distribute $900 million to creditors on July 31, bringing total recoveries close to the $10 billion mark since the bankruptcy proceedings began. This latest payout marks the fifth distribution round in the ongoing effort to return funds to those affected by the platform's collapse.
Creditors who have submitted unverified claims face a strict six-month deadline to finalize their applications if they want to participate in future distributions. Missing this window could mean exclusion from upcoming payouts, underscoring the urgency for claimants to act promptly.
