$1,200,000,000 in Crypto Sent to FTX Creditors Through Kraken and Bitgo: Arkham
Creditors have begun receiving funds from the estate of bankrupt crypto exchange FTX, on-chain data shows.
According to a new post on the social media platform X, blockchain analytics firm Arkham spotted the distributions going through Bitgo and US-based crypto exchange Kraken.
“FTX USERS RECEIVING FUNDS
Users with FTX claims of under $50,000 have started to receive funds today through distribution providers Kraken and Bitgo…”
“This wave of creditors represents approximately $1.2B in value.”
FTX’s repayment plan was approved by US courts in the fall of last year.
In a statement made last November, FTX CEO John Jay Ray III said payments to creditors and customers would begin early…
