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FTX will distribute approximately $2.2 billion to creditors on March 31, with Convenience Class creditors receiving 120% of their claims while general unsecured creditors hit 100% recovery.
The Fourth Distribution Breakdown
Class 5A Dotcom Customer Entitlement Claims will receive an incremental 18% distribution, bringing cumulative recovery to 96%.
Class 5B U.S. Customer Entitlement Claims will receive 5%, reaching 100% cumulative recovery.
Classes 6A General Unsecured Claims and 6B Digital Asset Loan Claims will each receive 15% distributions, hitting 100% cumulative recovery.
Class 7 Convenience Claims will receive a cumulative 120% distribution, becoming the first creditor class to…
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