{"id":38494,"date":"2025-07-24T05:31:42","date_gmt":"2025-07-24T05:31:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38494"},"modified":"2025-07-24T05:31:42","modified_gmt":"2025-07-24T05:31:42","slug":"ftx-to-start-next-round-of-creditor-repayments-on-sept-30","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38494","title":{"rendered":"FTX to Start Next Round of Creditor Repayments on Sept. 30"},"content":{"rendered":"<div>\n<p>FTX, the once prominent crypto exchange, will begin the next round of cash redistribution on Sept. 30, the bankrupt firm <a href=\"https:\/\/www.prnewswire.com\/news-releases\/ftx-sets-next-distribution-date-following-disputed-claims-reserve-reduction-302512444.html#:~:text=FTX.com)%20and%20the%20FTX,defined%20in%20the%20Plan%2C%20as\">said in a statement on Wednesday<\/a>.<\/p>\n<p>The firm, which was led by founder Sam Bankman-Fried, started paying back its creditors earlier this year. FTX has repaid nearly $6.2 billion after getting approval for its redistribution plan by the U.S. bankruptcy court. <\/p>\n<p>The former crypto giant used to be a mainstay in the digital asset ecosystem till a CoinDesk expose in 2022 resulted in the downfall of Sam Bankman-Fried&#8217;s empire.<\/p>\n<p>In 2023, Bankman-Fried was convicted on seven counts of fraud and conspiracy, and sentenced to 25 years in prison for orchestrating the $11 billion fraud. Although, <a href=\"https:\/\/www.coindesk.com\/policy\/2025\/05\/26\/sam-bankman-frieds-prison-sentence-could-be-cut-by-over-4-years-business-insider\">according to a report<\/a>, his sentence could be cut by 4 years due to &#8220;good conduct.&#8221; <\/p>\n<p>FTX also said that it has received court approval to reduce its disputed claim reserve to $4.3 billion from $6.5 billion. <\/p>\n<p>The exchange will distribute the cash through BitGo, Kraken, and Payoneer.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/03\/29\/ftx-to-begin-usd11-4b-creditor-payouts-in-may-after-years-long-bankruptcy-battle\">FTX to Begin $11.4B Creditor Payouts in May After Years-Long Bankruptcy Battle<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>FTX, the once prominent crypto exchange, will begin the next round of cash redistribution on Sept. 30, the bankrupt firm said in a statement on Wednesday. The firm, which was led by founder Sam Bankman-Fried, started paying back its creditors earlier this year. FTX has repaid nearly $6.2 billion after getting approval for its redistribution [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-38494","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38494"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38494\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}