FTX will launch phase 2 of its payout distribution today—over $5bn to be paid out starting at 11 AM EST

FTX will launch phase 2 of its payout distribution today—over $5bn to be paid out starting at 11 AM EST.

Breakdown of FTX creditor claims:

⚫️Claims over $50k: total $10bn (11,000 claims)
⚫️Claims > $1m: 1,100 claims
⚫️Claims $1m-$10m: average account size—$3m
⚫️Claims $10m+: average account size—$29m