FTX Pays $5B: A Debt Repayment Saga

The cryptocurrency exchange FTX, once thriving before its calamitous 2022 collapse, is now in the process of making things right—or at least trying to. Starting May 30, FTX will distribute over $5 billion to its creditors. This marks the second repayment phase, using crypto titans like BitGo and Kraken for the hefty transactions. Some creditors may receive between 54% and 120% of their lost assets, a relief albeit mitigated by crypto's erratic value rises since the original loss. Coincidence or karma, @SBF_FTX isn't mirthful in prison, while the FTX tale continues its poignant rewind.