The FTX distributes bankruptcy $ 1.6 billion this month.

The FTX Recovery Trust announced on Friday, the collapsed Crypto Exchange FTX creditors will receive $ 1.6 billion in the third distribution later this month.

Four debt groups will be funded on September 30, and distribution is between 78% and 120% of the FTX holding value when exchange. Broken In November 2022, the Trust’s press release suggests that assets are supervised and the claim for bankruptcy real estate for exchange is supervised.

This distribution is the third stage of the recovery plan of the FTX Estate and is paid through the Crypto Exchange Bitgo and Kraken and Payments Platers Payoneer.

FTX Recovery Trust first presentation I will run a distribution plan last year.

The FTX allowed customers to purchase, sell and bet on the future prices of major digital coins and tokens.

But FTX’s eccentric CEO, Bankman-Fried, I was crime Exchange with TOP Associates is to deal with the dangerous bets of the company’s brothers hedge funds, Alameda Research.

Eventually, the company’s 2022 bankruptcy and billions of dollars of investor cash disappeared.

John J. Ray III, a high -level lawyer who is in charge of restoring the missing investments of FTX customers. Sayed The collapse of the FTX surpassed the famous bankruptcy of the energy company. Enron In the early 2000s.

It was a banker Arrested,,, claim and Jail later To buy customers.

Bankman-Fried’s main members of internal circles Testimony to him During trial. Gary Wang, former FTX co-founder Gary Wang, former Alameda CEO CAROLINE ELLISON and FTX’s former engineering NISHAD SINGH all committed crimes at the command of Bankman-Fried.

Damian Williams, a New York southern lawyer, said, “Sam Bankman has made one of the largest financial frauds in American history, saying, Damian Williams, a lawyer in the southern New York.

Bankman-fried is now clothing material He was sentenced to 25 years in prison in southern California prison for fraud and other crimes.