US Customers Almost Fully Compensated

US customers receiving payments through the FTX US platform will get 40% of their claims in this round. Combined with previous payouts, the total repayment rate reaches 95%. This shows that users in the US have nearly fully recovered their losses.

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International users on FTX.com will receive an additional 6% distribution in this round. This brings the total repayment rate for global creditors to 78%. Payments will be made through BitGo, Kraken, and Payoneer. Claimants must have previously completed identity verification and tax forms.

Payouts May Return to Crypto

Some creditors will receive part of their cash payments in stablecoins. This makes it easier for them to reinvest in the crypto market. However, some affected users exit the crypto market entirely after their losses.

FTX bankruptcy management blocked crypto distributions, so creditors took cash payments instead. Had they received crypto, they could have earned significant profits on tokens like Solana. For example, SOL, in which FTX heavily invested, traded between 10–20 dollars during the bankruptcy period; today, it trades above 200 dollars.

FTX Bankruptcy Had a Deep Impact on the Crypto Market

FTX shook the crypto market with its major bankruptcy in November 2022, and Bitcoin’s price fell below 15,000 dollars in December 2022. Today’s payout round represents a critical step in compensating affected investors for their losses.

The post FTX Launches Third 1.6 Billion Dollar Payout Round appeared first on Coin Engineer.