FTX Estate Sets Next Creditor Payout Date as Genesis Digital Assets Fights $1 Billion Clawback Suit

Source: CryptoNewsNet Original Title: FTX estate sets next creditor payout date as Genesis Digital Assets fights $1 billion clawback suit Original Link: https://cryptonews.net/news/market/32277836/ Defunct crypto exchange FTX’s bankruptcy estate said it will make its next payment to creditors on March 31 as it continues moving through one of crypto’s largest and most closely watched repayment processes.

The money will be sent to creditors on the record as of Feb. 14, it said in a Tuesday statement.

The company also said it amended a proposal to reduce its disputed claims reserve, a move that could unlock additional funds for near-term distributions if approved by the bankruptcy court.

Meanwhile, the estate is still pursuing litigation aimed at recovering assets it says were improperly transferred before the exchange collapsed in November 2022.

Genesis Digital Assets, a bitcoin mining company, is fighting a lawsuit brought by the FTX estate seeking roughly $1 billion. The case is part of the broader “clawback” strategy: not just identifying what assets remain, but challenging transfers made before the exchange’s collapse.