FTX pays out again on July 31
About $900M in the fifth distribution. Dotcom customers take an incremental 9%, US customers 5%, general unsecured and digital asset loan claims 3% each. Convenience claims reach 120% cumulatively.
Dotcom and US customers now cross 105% cumulative. More than whole, on paper.
Paper is the catch. Claims are struck in November 2022 dollars, when bitcoin:native sat near $16,000. It's around $64K today.