FTX has transferred approximately $2.2 billion to a distribution service provider for creditor compensation, according to creditor Sunil Kavuri. Creditors with claims exceeding $50,000 are expected to receive about 18% of their claim amounts, while U.S. creditors are projected to receive around 5%. The claims portal is anticipated to update on March 23, with funds potentially being distributed to creditors starting March 31.
FTX Transfers $2.2 Billion for Creditor Payouts
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