FTX Announces August 2025 Registration for Next Distribution to Bitcoin Claim Holders
Main Idea
FTX has announced the registration date for its next distribution to Bitcoin holders as August 15, 2025, with the distribution phase expected to begin around September 30, 2025, and has also secured court approval to reduce its reserve for disputed claims by $1.9 billion.
Key Points
1. FTX announced the next registration date for distribution to Bitcoin holders is August 15, 2025.
2. The distribution phase is projected to start around September 30, 2025.
3. Distribution partners include BitGo, Kraken, and Payoneer.
4. FTX secured court approval to reduce its reserve for disputed claims by $1.9 billion, from $6.5 billion to $4.3 billion.
5. This adjustment releases additional funds for the next disbursement cycle.
Description
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