Following the important statements regarding the bankruptcy of FTX founder Sam Bankman-Fried (SBF), who is in prison for fraud, new statements regarding the payments have come. FTX creditor representative Sunil X said in a statement on his account that the exchange has completed three rounds of payments totaling approximately $7.1 billion. According to BSunil, the exchange paid out $454 million on February 18, $5 billion on May 30 and $1.6 billion on September 30. A group of creditors with $50,000 or less in debt received a total refund of 119% including interest, while FTX's total assets are estimated at $16-17 billion. The next round of payments is expected to occur in January 2026. FTX has partnered with several payment providers, including BitGo, Kraken, and Payoneer, to manage its distribution to payees. FTX Didn't Actually Sink! As you may recall, FTX's founder and former CEO Sam Bankman-Fried (SBF) recently made important statements about FTX and its bankruptcy. In a post on its X account, SBF claimed that FTX never actually went bankrupt and that customer deposits never left the platform. SBF stated that the liquidity crisis was about to be resolved, but an external legal team intervened and initiated the bankruptcy process. According to data shared by SBF, the total value of FTX assets was $14.6 billion in 2022. However, today the value of these assets has reached $136 billion. According to the data, the exchange holds $14.3 billion worth of Anthropic and $7.6 billion worth of Robinhood stock. In terms of cryptocurrencies, it also holds approximately $12.4 billion worth of Solana (SOL), $2.3 billion worth of Bitcoin (BTC), and $2.9 billion worth of Sui (SUI). It also holds smaller amounts of Ethereum, XRP, and FTT. *This is not investment advice. Continue Reading: New Announcement Released Regarding FTX Payments! When Will FTX Begin the Next Payment Round? Here Are the Details…
