FTX to pay back its major creditors by the end of May

FTX, a former cryptocurrency firm, will start paying its creditors on May 30, according to lawyer Andrew Dietderich. The company has accumulated $11. 4 billion in cash since it shut down and filed for bankruptcy in November 2022. Minor creditors, who hold what FTX labels “convenience claims,” began receiving payments earlier, but the main group of […] source: https://www.cryptopolitan.com/ftx-pay-back-major-creditors/