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The next round of distributions to FTX creditors, totaling approximately $600 million, is expected to take place on July 31.
Svmuu News: Sunil, a representative of FTX creditors, posted on X stating that FTX’s next round of fund distributions is expected to take place on July 31, with approximately $600 million to be distributed. Participants from 45 jurisdictions, including China, Egypt, and Russia, remain restricted from participating. Previously, FTX’s next round of fund distribution was scheduled for March 31, with total claims amounting to approximately $9.6 billion.
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Analyst: BTC long positions are being liquidated primarily in the $49,000 to $56,000 range
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