FTX Begins $1.2 Billion Payout to Creditors
- Creditors with claims under $50,000 have started receiving payouts.
- Payouts include 9% annual interest accrued since November 2022.
- Funds are distributed through Kraken and BitGo platforms.
- The total payout for this group is approximately $1.2 billion.
- Creditors are scheduled to receive about 119% of their claim value.
FTX has initiated the payout process for creditors with claims below $50,000, distributing around $1.2 billion through Kraken and BitGo, including accrued interest since November 2022.
Source (2.6)https://www.coindesk.com/business/2025/02/18/ftx-s-initial-usd1-2b-payout-process-to-creditors-is-underway?rand=52298
