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The next round of FTX's compensation distribution is expected to start around September 30th.

By: theblockbeats.news|2025/07/24 00:11:41

BlockBeats News, July 24th, according to Reuters, FTX announced that for holders of approved Class 5 Customer Equity Claims and Class 6 General Unsecured Claims (as defined in the Plan) as well as holders of Convenience Claims approved since the prior record date but not yet allocated, the anticipated record date for the next distribution is August 15, 2025, with the next distribution expected to commence around September 30, 2025. The next distribution will be facilitated by FTX's distribution providers BitGo, Kraken, and Payoneer.

FTX also announced that it has obtained authorization from the bankruptcy court to reduce the disputed claims reserve by $1.9 billion, decreasing from $6.5 billion to $4.3 billion, with the released cash to be distributed to allowed claim holders in the next distribution.

Tether CEO: Will Provide Efficient Stablecoin for U.S. Domestic Payments, Interbank Settlement, and Trading

The Ninth Circuit Court of Appeals ruled that NFTs are eligible for trademark protection, the Yuga Labs case will be remanded for further proceedings.