#FTXRefunds Kraken Just Started Paying Out FTX Creditors

It’s finally happening—Kraken has officially kicked off distributions to FTX creditors.

This comes after a painfully long wait since FTX’s collapse in late 2022. Now, affected users are starting to see some of their funds return, at least if they’re going through Kraken.

Kraken is one of the designated platforms helping with the FTX bankruptcy process, and according to recent updates, they’ve begun issuing the first wave of payouts. It’s a sign that the whole FTX mess is finally moving forward.

No word yet on how much people are actually getting back, or how long the full process will take. But for those who’ve been stuck in limbo for over a year, this is a step in the right direction.

More exchanges involved in the distribution are expected to follow soon. Stay tuned.#FTXRefunds