FTX Approves $1.9 Billion Fifth Payout as Creditors Receive Up to 120% of Claims

The FTX Recovery Trust has launched its fifth round of creditor repayments, distributing $1.9 billion to eligible claimants. Creditors should receive funds within one to three business days. International customers will receive 105% of their approved claims, including a 9% increase. This marks another milestone in the wind-down of the failed cryptocurrency exchange.