FTX Beginning $5B in Creditor Payouts on May 30
The lengthy process to reimburse creditors of the defunct exchange is nearing resolution.
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.
Bankless
It’s time to break up with your bank, and join the movement for a better world.
