FTX Recovery Trust go pay $4.3B to dem wey dem approve as claimants on Sep 30
FTX Recovery Trust dem go set make distribution for September 30, 2025, wen $4.3 billion go pay to all those wey dem approve as claimants afta court for bankruptcy reduce disputed claims by $1.9 billion. All claimants need to get approved claim status by August 15 record date and make sure say dem complete KYC checks with authorised providers like BitGo, Kraken and Payoneer. Creditors wey dey restricted jurisdiction—China, Russia, Ukraine and Pakistan—no go fit join, dem claims total about $470 million. Di payouts go cover Class 5 Customer Entitlement, Class 6 General Unsecured and di remaining Convenience Claims dem. Any claim wey dey disputed or unverified go still hold till court carry matter settle. Dis FTX Recovery Trust distribution fit affect market liquidity and how investors dey feel for crypto sector.
Neutral
To restore $4.3 billion to creditors dey reduce uncertainty around FTX bankruptcy, but e no go too cause big market rally. Previous distributions from Mt. Gox no really affect price much, as creditors dey usually turn recovered funds to fiat or stablecoins. Short-term, some selling pressure fit show as claimants dey liquidate assets, but long-term, when outstanding claims don settle, e go remove one big overhang. Overall, FTX Recovery Trust distribution suppose get neutral effect for crypto market stability, e go restore some liquidity but e no go trigger directional trend.