PANews reported on March 30 that according to Bloomberg, the former cryptocurrency company FTX will begin paying its major creditors at the end of May, using the $11.4 billion in cash reserves the company has collected since its closure. Bankruptcy lawyer Andrew Dietderich told the judge who recently took over the management of the Chapter 11 case that although secondary creditors classified as "convenient claims" have begun to receive payments, the company will make the first payment to the main creditor group on May 30. The company's major creditors include investors who are owed millions of dollars and institutions that own cryptocurrencies on the FTX platform.