FTX Begins Payments to Creditors: Kraken Sends Distribution Notice of $312 Million

$BTC $ETH $BNB #CEXvsDEX101 #TradingTypes101 #FTXRefunds #TrumpMediaBitcoinTreasury #MarketPullback refund:

📅 Payment schedule:

• FTX US creditors: Receive funds from 30/5/2025 (total $312 million)

• International FTX creditors: Expected to receive from 2/6/2025

💰 Second payment tranche ($5 billion):

• Applicable to both groups 'Convenient' and 'Non-Convenient'

• Customers will receive funds within 1-3 working days from 31/5

🔍 Legal context:

• This is the implementation step according to the asset recovery plan after bankruptcy

• Creditors need to check their email/Kraken account to confirm the request