FTX begins $5B second round of creditor payouts through BitGo and Kraken

#FTX has initiated the second phase of its bankruptcy payout plan, distributing approximately $5 billion to former users. The announcement, made Friday, states that customers should receive funds within one to three business days. #BitGo and #Kraken are handling the disbursements. The funds are part of FTX’s broader Chapter 11 restructuring, which aims to return up to $16.5 billion in total.