FTX Sets $2.2B Distribution as Creditor Recoveries Reach up to 120%

FTX is set to begin a $2.2 billion creditor payout on March 31 while separately scheduling its first preferred equity payments for May 29, as multiple claim classes move toward full or even excess repayment under the restructuring plan. FTX Sets March 31 Timeline for $2.2 Billion Creditor Payout Efforts to return funds to creditors []