Rumors of FTX distributing $11 billion quickly spread on social media. However, according to official documents, FTX’s legal team will attend a court hearing on October 7, and no distribution will be made this week. 📅

Small claims could be paid by the end of 2024, while large claims could be paid in the first half of 2025. FTX’s native token, FTT, is up 50% in the last 24 hours. However, the overall crypto market is down 2.7%. 📉