Kraken is for the next FTX payment circuit including receivables about $ 50,000

Kraken confirmed that the next FTX payment circuit will begin 30. May, which covers demands and below and above $ 50,000.

According to the representative of FTX creditor Sunil’s A recent post on xKraken started sending emails to FTX users, confirming that the next FTX distribution circuit will pay off 30. May. This distribution, which marks the second round of the FTX repayment, receivables cover and above $ 50,000.

Now Defunct Cripto Exchange FTX announced 7. February that the initial distributions of the owners allowed in favorable classes of the Plan will begin, 18. February, with repayment facilitated through the Bitgo and Kraken. Even with provided Trading loans with payments to avoid profiting by the distribution process.

The first round of repayment, which started 1. February, covered approved requests for classes of benefits worth $ 50,000 or less. The small applicant It will get full repayment plus interest rate post-petition from 9% per year until 11. April. The higher applicant (with values ​​of value above 50,000 USD), including institutional investors and VC companies, have not yet been issued to break down.

Complex legal disputes and property recovery efforts delayed distribution to larger investors. But with the next round of repayment Clean for 30. MayLarger investors will start receiving funds (+ 9% interest calculations per year), with approximately $ 16 billion intended for total distributions.

The FTX is once cashed at $ 32 billion, crashed in 2022 years. Years after the Alameda research was abused by the customer for covering their own losses. The tracked wave of a request for pulling, but FTX could not meet them. The exchange stopped withdrawals and filed to bankruptcy. FTX’s founder, Sam Bankman-FriedIt was convicted of charges of fraud and conspiracy in 2023. years. Other former executives, including Carolin Ellison and Gary Wang, pleaded guilty and worked with the authorities. John J. Rai III was taken over by the Director General in 2022. years and led efforts to locate and recover FTX’s lost property through lawsuits, real estate and liquidation of the remaining FTX’s remaining assets.