FTX’s payments to creditors will range from $14bn to $16bn

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Bankrupt crypto exchange FTX intends to distribute between $14bn and $16bn to creditors.

According to exchange documents, the first payments will begin in October or November 2024.

FTX lawyers said that the company has reached an agreement with the US government to sell assets including cryptocurrency investments, stakes in technology companies, venture capital funds and real estate.

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