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FTX’s Initial $1.2B Payout Process to Creditors Is Underway

The payments are being distributed in U.S. dollars through BitGo and Kraken. Feb 18, 2025, 5:03 p.m. UTCCreditors of the collapsed cryptocurrency exchange FTX with claims below $50,000 have started receiving their payouts, which include 9% annual interest accrued since November 2022.Multiple users on the FTX subreddit have reported receiving funds on accounts at crypto exchange Kraken with the added interest on top. Creditors are scheduled to receive roughly 119% of their adjudicated claim valu...

Read more at coindesk.com

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