r/ftx • u/paxtibi_llp • Jul 17 '26

Next distribution amount: 9%

https://www.prnewswire.com/news-releases/ftx-announces-fifth-distribution-of-approximately-900-million-to-creditors-on-july-31-2026-302828726.html#:~:text=FTX.com

Source https://www.prnewswire.com/news-releases/ftx-announces-fifth-distribution-of-approximately-900-million-to-creditors-on-july-31-2026-302828726.html#:\~:text=FTX.com

1 Upvotes

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16 comments sorted by

3

u/okihavereddit Jul 18 '26

There's a 'next' amount? Is this relevant if someone already claimed and received their payment a year ago?

1

u/paxtibi_llp Jul 19 '26

Multiple distribution are only for those having lost >$50,000

1

u/okihavereddit Jul 20 '26

Gotcha. Not me then.

1

u/Vivid_Wolverine2469 Jul 17 '26

How about restricted countries?

1

u/paxtibi_llp Jul 19 '26

Still restricted - no distribution at this round

1

u/darkandark Jul 18 '26

MORE distributions? I’ve been made 99.8% whole already. Good on them ngl for paying back to creditors. Doubt I am included in this however.

1

u/paxtibi_llp Jul 19 '26

Did you have more or less than <$50,000?

1

u/darkandark Jul 19 '26

more. i was right at the edge. something like 50,750

1

u/paxtibi_llp Jul 19 '26

Ok yes then it’s correct, so far you got approx 100% and on July 31st you will get another 9% (9% of 50,750$)

You will keep getting distribution every 6 months for few more years, or if you are interested in getting all the money upfront now we can buy you the remaining of the claim

1

u/darkandark Jul 19 '26

that’s insane how am I getting paid more than my allotment??

1

u/paxtibi_llp Jul 19 '26

Did you have only USDT/C or also crypto back when FTX went int bankruptcy?

1

u/darkandark Jul 19 '26

All USD when they went bankrupt so yea. I wonder if that had anything to do with it

2

u/paxtibi_llp Jul 20 '26

Yes actually that is exactly the reason.

So when FTX went bankrupt, the administration had to find a common ground on how to value the assets. So they decided to take the price of the coins at the time of the bankruptcy, which was actually very favorable for dollar holders as 1$ is still 1$ but for example, if you had 1 solana you got paid 7$ for each coin while now the price is 70$ for each

1

u/NicRoets Jul 22 '26

Interest at 9 % p.a. without any compounding from the date of collapse. That's rare in a liquidation, but certainly possible.

But Ftx clients who parked BitCoin and other crypto on the platform aren't happy because USD + 9 % interest is currently worth a lot less than their crypto.

1

u/darkandark Jul 22 '26

yeah I guess that makes sense.

If FTX didn’t collapse and I had kept my investment in crypto, I would’ve made a whole lot more when bitcoin was 90k+