FTX Users With Claims Under $50,000 Begin Receiving Funds Via Kraken And Bitgo – Details 💰
FTX, the collapsed cryptocurrency exchange, has initiated the process of distributing funds to users holding claims under $50,000. This move is a pivotal part of FTX's recovery strategy. According to their latest announcement, these creditors will receive around 119% of their determined claim value. This payout includes an annual interest rate of 9% that has been accumulating since November 2022.
The involvement of Kraken and BitGo signifies the collaboration with notable players in the crypto industry to ensure the smooth transfer of funds. This marks a critical phase in addressing the creditor's claims following FTX's downfall.
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