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Nhung
@chikeoxinh
FTX major repayments to begin May 30; BTC claims currently worth just 20% of market price FTX, 27 months following the exchange's dramatic collapse in early November 2022, is set to begin repaying claims worth more than $50,000 on May 30, moving the long and controversial bankruptcy process one step closer to its end. Bankruptcy attorney Andrew Dietderich said the company, currently helmed by CEO John Ray III, would make its first repayments to major creditors at the end of May from its stockpile of $11.4 billion in cash, Bloomberg recently reported. Dietderich also claimed the defunct exchange faces "27 quintillion" claims, with billions of fraudulent or specious claims, according to the report.
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