FTX Recovery Trust Announces Third Fund Distribution of $1.6 Billion to Creditors

Published at 2025-09-21 12:04:50
FTX Recovery Trust Announces Third Fund Distribution of $1.6 Billion to Creditors – cover image

The FTX Recovery Trust has announced a significant milestone in its ongoing efforts to repay creditors impacted by the collapse of the FTX cryptocurrency exchange. On September 30, 2025, the Trust will conduct its third distribution of funds, totaling approximately $1.6 billion.

This latest distribution highlights the progress made towards recovering and returning assets to affected parties. The FTX Recovery Trust was formed to manage and distribute the remaining assets from the FTX bankruptcy proceedings, with the goal of maximizing returns for creditors.

For those interested in participating in crypto investments with more manageable payment options, Bitlet.app offers a unique Crypto Installment service. This service allows users to buy cryptocurrencies now and pay monthly, making crypto investments more accessible without the need to pay the full amount upfront.

Stay informed on crypto recovery efforts and explore new ways to invest responsibly with tools like Bitlet.app.

Share on:

Related news

VTB to Offer Direct Crypto Trading Through Brokerage Accounts Next Year

VTB, Russia’s second-largest bank by assets, will let clients buy and sell cryptocurrencies directly via brokerage accounts starting next year, expanding beyond its current derivatives exposure.

Published at 2025-12-03 20:30:07
Binance Appoints Yi He as Co-CEO

Binance named co-founder Yi He as its co-chief executive on Wednesday. The move is positioned as part of the exchange's leadership continuity amid ongoing global regulatory and growth challenges.

Published at 2025-12-03 06:30:09
UK law confirms cryptocurrencies are property after royal assent

A UK bill establishing that existing property laws apply to cryptocurrencies received royal assent on Dec. 2, 2025, giving digital assets clearer legal status. Supporters say the move should strengthen ownership, recovery and insolvency remedies for crypto holders and businesses.

Accumulator Strategy May Sell Bitcoin to Cover Dividends

An accumulator strategy warned it could draw on bitcoin reserves to preserve dividend payments if its share price falls toward net asset value. Such a sale would be rare and could add short-term selling pressure on BTC.

Published at 2025-12-03 02:45:08
Litecoin Surges 10% After Vanguard LTCC Access — What’s Next for LTC?

Litecoin rallied roughly 10% in early trading following news of Vanguard LTCC access, breaking a short-term consolidation and shifting the immediate technical outlook. Traders should watch for follow-through volume and potential pullbacks as institutional access may increase liquidity and volatility.

Published at 2025-12-02 23:15:08