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FTX to Distribute About $900 Million to Creditors in Fifth Payout on July 31 FTX will begin its fifth creditor distribution on July 31, pay…

FTX to Distribute About $900 Million to Creditors in Fifth Payout on July 31 FTX will begin its fifth creditor distribution on July 31, paying approximately $900 million to holders of allowed claims in the Convenience and Non-Convenience Classes under its reorganization plan who completed the required pre-distribution steps by the June 16 record date. Eligible creditors are expected to receive funds through their selected distribution provider within one to three business days after July 31. Eligible preferred equity holders will also receive a second payment that day.
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