tldr; Kraken has initiated payouts to creditors of the defunct cryptocurrency exchange FTX, a significant step following its 2022 collapse. Creditors using Kraken have received confirmation emails, indicating the completion of the onboarding process for payments. BitGo, another distributor, will start its process soon. Creditors with claims under $50,000 can expect payouts within 60 days from January 3, 2025. Kraken is also offering incentives like fee-free trading and additional credits based on payout size. FTX’s collapse was due to fraud allegations, leading to a 25-year sentence for its founder.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Gatherun on
Good to see people receive their money. For some people that could be their life savings.
Diversify your investments, if possible! Stay safe!
partymsl on
Here comes another dump…
Odd-Radio-8500 on
Finally, there is positive news for those receiving payouts.
5 Comments
tldr; Kraken has initiated payouts to creditors of the defunct cryptocurrency exchange FTX, a significant step following its 2022 collapse. Creditors using Kraken have received confirmation emails, indicating the completion of the onboarding process for payments. BitGo, another distributor, will start its process soon. Creditors with claims under $50,000 can expect payouts within 60 days from January 3, 2025. Kraken is also offering incentives like fee-free trading and additional credits based on payout size. FTX’s collapse was due to fraud allegations, leading to a 25-year sentence for its founder.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Good to see people receive their money. For some people that could be their life savings.
Diversify your investments, if possible! Stay safe!
Here comes another dump…
Finally, there is positive news for those receiving payouts.
Very good🙏🏼