Kraken plans to initiate the next phase of creditor repayments on May 30, 2025, addressing claims exceeding 50,000 USD. This follows an earlier payout in February for smaller claims.
A notable 79% of FTX creditors intend to reinvest their repayments back into cryptocurrencies, with 62% specifically focused on acquiring Solana. This demonstrates confidence in the crypto market despite past turbulence.
The bankruptcy process has presented legal hurdles, yet there is tangible progress in recovering funds for creditors as Kraken and BitGo facilitate payments, continuing the pursuit of asset recovery.
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