The FTX recovery trust has set July 31 as the target date for its next round of creditor payments. The trust is working through the claims process to return funds to those who lost money in the exchange's financial troubles.
What the payment round means
The coming distribution follows earlier rounds. Creditors who have filed valid claims and been approved by the trust will be included. The total amount to be paid out in this round has not been disclosed.
Where things stand now
The trust continues to gather assets and resolve claims. It has not given a breakdown of how many creditors will receive payments or what percentage of their losses they can expect. More details are likely as July 31 approaches.
