FTX Trading Ltd. (FTX.com) and the FTX Recovery Trust are rolling out the red carpet (more like a threadbare rug) for the next distribution date for customer and unsecured claims. They’ve started doling out cash to the “lucky” few in FTX’s Convenience Classes under its Chapter 11 Plan of Reorganization. Who says bankruptcy can’t be fun?!
FTX’s Next Money Drop: Will It Rain Pennies or Bucks? 🌧️💰
In a move that’s sure to make some people’s day and others say “what day?”, FTX has confirmed the next cash splash will happen on April 11, 2025. Get ready for Class 5 Customer Entitlement Claims, Class 6 General Unsecured Claims, and the newly approved Convenience Claims to join the party. Let’s hope the punch bowl isn’t empty!
FTX has already started sprinkling cash on customers with claims small enough to fit in a piggy bank. BitGo and Kraken are the designated money fairies, processing these payments. Let’s see if they can pull a rabbit out of the hat!
Mark your calendars for May 30, 2025, when the next distribution will commence. Customers and creditors, it’s time to jump through hoops! Complete your KYC verification, submit your tax forms, and cozy up to BitGo or Kraken if you want to get your grubby hands on some cash. It’s like a treasure hunt, but with more paperwork!
Stay Tuned for More Financial Shenanigans! 📣
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2025-02-18 22:58