Crypto: BitGo And Kraken Distribute $5 Billion To Former FTX Clients


17h05 ▪
4
min read ▪ by
Eddy S.

The FTX saga continues to shake the crypto ecosystem. On May 30, 2025, a second wave of payments was launched, marking a new milestone in the attempt to repair the financial disaster left by the platform. Behind this large-scale logistical operation, a harsher reality emerges: not all creditors are treated equally.

A former FTX crypto investor on his knees with his portfolio boasting  billion and crypto tokens. Next to him are two giants, BitGo and Kraken.A former FTX crypto investor on his knees with his portfolio boasting  billion and crypto tokens. Next to him are two giants, BitGo and Kraken.

In brief

  • FTX launched on May 30, 2025, a second wave of $5 billion repayments to its former users.
  • Payments are based on asset values from November 2022, causing anger…

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