Kraken Completes FTX Estate’s First Fund Distribution, Compensating Over 46,000 Creditors

Odaily News Kraken has completed the first distribution of funds from FTX estate, paying more than 46,000 creditors.
According to previous news, FTX plans to repay $16 billion of creditors starting on February 18, 2025, with $6.5-7 billion to be repaid in the first phase. The payment is based on the price in November 2022.