PANews reported on March 30 that according to Bloomberg, the former cryptocurrency company FTX will begin paying its primary creditors by the end of May, using the $1.14 billion in cash reserves collected since its closure. Bankruptcy lawyer Andrew Dietderich told the judge who recently took over the Chapter 11 case management that while secondary creditors with "convenience claims" have already started receiving payments, the company will make its first payment to the primary creditor group on May 30. The company's primary creditors include investors who are owed millions of dollars and institutions that held cryptocurrencies on the FTX platform.
