Why FTX and Alameda Just Staked 20,736 Ethereum — And What It Means for You Before the Creditors Cash In
These asset movements occurred amid FTX and Alameda’s ongoing effort to liquidate holdings under court-mandated weekly limits tied to their bankruptcy estate.
Last week, FTX and FTX Recovery Trust announced plans to distribute $1.9 billion to creditors on September 30 in their third round of payouts. The distribution follows a court decision to reduce the disputed claims reserve from $6.5 billion to $4.3 billion.
Creditors in China and certain other jurisdictions facing restrictions are expected to be excluded from the upcoming payment.
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