Kraken and Bitgo confirm May 30 FTX repayments plan

Kraken and Bitgo, as FTX’s distribution agents, have announced that repayments to creditors will start by May 30, 2025. This second phase follows the distribution of over 12 billion USD to creditors, with amounts between 54% and 120% based on the claim class.

Despite some creditors receiving payouts, many users in restricted countries await payments, leading to criticism of the bankruptcy process. Allegations of government complicity have emerged, claiming that insiders benefitted from undervalued asset sales during FTX’s bankruptcy.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

More posts