FTX to distribute roughly $900 million to creditors in fifth wave of payouts

FTX continues its efforts to compensate creditors with another round of payouts, distributing around $900 million in the fifth wave of distributions. This move brings the total amount returned to nearly $10 billion since repayments began in 2025. While this shows some progress in the ongoing bankruptcy proceedings, it also underscores the massive scale of the financial fallout from the collapse of the once-prominent crypto exchange. These distributions are crucial as they aim to restore some faith in the justice system and the handling of massive financial failures.