• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
FTX

FTX Investors Blindsided By Distribution Rumors, When Is The $16 Billion Coming?

Scott Matherson
by Scott Matherson
10 months ago
·
Posted in FTX
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Rumors of the $16 billion FTX distribution have spread across the crypto community, leaving many investors blindsided with expectations of a September 30 payout. However, with no confirmation from FTX, and the distribution plans still pending Court approval, the actual timeline for the payments remains uncertain. 

Fake Payment Rumors Mislead Crypto Community

The crypto community has been flooded with speculations about an impending $16 billion FTX distribution, with many believing that the payments would be made by September 30. Prominent crypto analysts like ‘EllioTrades’ and ‘CryptoRover,’ are among the few spreading this rumor across social media platforms like X (formerly Twitter).

Related Reading: Bitcoin Ready For New All-Time High, But Analyst Says It Needs To Clear This Level First

EllioTrades stirred excitement among his 761,300 followers on X by claiming that the rumored $16 billion FTX payout would occur on the first day of “Uptober,” hinting that a possible bullish rally could follow the distribution. 

Additionally, CryptoRover, with his 841,500 followers also spread the fake news, causing many to believe the rumor and anticipate a potential bullish surge after the payouts. 

The spread of these rumors amongst top crypto analysts highlights the powerful influence of speculation in the crypto community. One crypto community member recently called out ‘CryptoRover’ for misleading posts, criticizing large creators like him for failing to conduct proper research before spreading misinformation. 

The effects of the rumors have also spread its influence to FTT, the native token of the collapsed FTX crypto exchange. Earlier this week, FTT jumped 35.99% as rumors of the distribution plans circulated in the crypto community. As the rumors have begun to clear up, the coin is down by 13.45%. 

Timeline For FTX Distribution

 Amidst the disarray caused by the rumors, many crypto community members have come forth to clarify the timeline for the $16 billion FTX payout. Ariel Givner, an IP and corporate attorney in Fintech took to X on the day of the rumored FTX distribution to clarify the misinformation. Givner revealed that the speculation of FTX distributing its $16 billion to creditors was “incorrect,” as the Court has yet to confirm the restructuring of the distribution plans. 

Related Reading: Dogecoin About To Break Out Of Falling Wedge, Get Ready For 1,150% Surge To $1.6

According to the updated Chapter 11 filing, the next Court hearing to approve or disapprove FTX distribution plans to creditors will be held on October 7. Until then, the timeline for FTX’s distribution plans remains uncertain and will not be finalized. If the Court confirms the restructuring plans, claimants with less than $50,000 may begin receiving the promised payout by late 2024. Larger claimants on the other hand may not see distributions until the first or second quarter of 2025. 

FTX has also disclosed via its official X account that full control of the impending distribution has been forfeited to the Department of Justice (DOJ) and the fraudulent crypto exchange intends to return 100% of the assets under FTX’s control to creditors. 

FTX price chart from Tradingview.com
FTT Token surges following distribution rumors | Source: FTTUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Scott Matherson

Scott Matherson

Follow

Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

Full Profile

Related Posts

FTX And Alameda Stake $125M In Ethereum And Solana Amid Repayment Questions

FTX And Alameda Stake $125M In Ethereum And Solana Amid Repayment Questions

4 weeks ago
FTX

Early Freedom: FTX’s Sam Bankman-Fried’s Sentence Reduced By Over 4 Years

3 months ago
FTX

FTX To Distribute Over $5 Billion To Approved Creditors Starting May 30

3 months ago
FTX

Legal Setback For FTX: Court Ruling Permits 3AC To Seek $1.5 Billion In Claims

5 months ago
FTX

FTX Co-Founder SBF Faces Consequences For Unauthorized Media Activities In Prison – Report

5 months ago
FTX

FTX’s Sam Bankman-Fried Getting Released? Last Ditch Political Effort Comes To Light

6 months ago

Premium Sponsors

Press Releases

  • XRP retreats under pressure, while DOT Miners generates...

    41 minutes ago
  • Rich Miner Launches New Cloud Mining Strategy: Secure 1,000...

    2 hours ago
  • XRP's

    Amidst XRP’s volatile price, holders are flocking to...

    2 hours ago
  • BAY Miner Launches Mobile App, Unlocking Daily Income...

    3 hours ago
  • BTC & XRP ETFs Fuel Market Buzz as Cloud Mining Surges...

    3 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.