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FTX will start distributing $5 billion to creditors via
Kraken and BitGo, marking the next step in its bankruptcy reorganization plan.
What’s the Scoop?
- Creditor Repayments: Bankrupt crypto exchange FTX will disburse over $5 billion to creditors starting May 30.
- Distribution Partners: Repayments will be managed through Kraken and BitGo as part of the payout process.
- Chapter 11 Progress: This marks the second phase of FTX’s Chapter 11 reorganization efforts.