Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (1,339)
  • Analysis (1,527)
  • Bitcoin (2,109)
  • Blockchain (1,228)
  • DeFi (1,447)
  • Ethereum (1,456)
  • Event (56)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (1,490)
  • Press Releases (1)
  • Reddit (761)
  • Regulation (1,390)
  • Security (2,002)
  • Thought Leadership (2)
  • Uncategorized (2)
  • Videos (41)
Hand picked
  • Ein VideointerView MIT CEO Simon Dössegger – Der Altcoinspekulant
  • Ondo finance now
  • Saylor says the Winter Crypto
  • Here is the price of 1 Shiba Inu if the market capitalization of shib reaches $ 150 billion
  • Cardano launches Cardinal to merge Bitcoin liquidity with the DEFI ecosystem
We are social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) Instagram
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Events
Altcoin ObserverAltcoin Observer
Home»Analysis»Kraken is preparing for the next series of FTX payments, including complaints of around $ 50,000
Analysis

Kraken is preparing for the next series of FTX payments, including complaints of around $ 50,000

March 6, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Crypto news ftx repaying option02.webp.webp
Share
Facebook Twitter LinkedIn Pinterest Email



Kraken confirmed that he would start the next series of FTX payments on May 30, covering complaints below and above $ 50,000.

According to the recent article of the representative of the creditor FTX Sunil on X, Kraken began to send emails to FTX users, confirming that the next FTX payment distribution series will take place on May 30. This distribution, which marks the second FTX reimbursement cycle, will cover complaints both below and above $ 50,000.

The distribution of FTX complaints

Distributor: Kraken@krakenfx started to send emails
to FTX customers confirming the

Next FTX distribution
May 30, 2025

Complaints <50 000 $ et réclamation> $ 50,000
are included in this distribution pic.twitter.com/nvjf4ypi94

– Sunil (champion of the creditor FTX) (@sunil_trades) March 6, 2025

The exchange of crypto now deceased FTX announced on February 7 that the initial distributions to authorized complaint holders in the convenience of the plan would begin on February 18, with reimbursements facilitated by Bitgo and Kraken. Kraken has even provided negotiation costs alongside payments to avoid taking advantage of the distribution process.

The first reimbursement round, which started on February 18, covered the approved convenience class complaints worth $ 50,000 or less. Small applicants will receive a full refund more post-country interest of 9% per year by April 11. The biggest applicants (with complaints of a value greater than $ 50,000), including institutional investors and venture capital companies, have not yet been issued to reimbursements.

Complex legal conflicts and asset recovery efforts have delayed distribution to larger investors. But with the next reimbursement round scheduled for May 30, larger investors will begin to receive their funds (+ 9% interest accumulated per year), with around 16 billion dollars assigned to total distributions.

The FTX, once estimated at $ 32 billion, collapsed in November 2022 after being revealed that Alameda Research had abused customer funds to cover its own losses. A wave of withdrawal requests followed, but FTX could not meet them. The scholarship has interrupted withdrawals and has filed a bankruptcy. The founder of the FTX, Sam Bankman Fried, was sentenced for fraud and conspiracy in November 2023. Other former leaders, including Caroline Ellison and Gary Wang, pleaded guilty and cooperated with the authorities. John J. Ray III took office as CEO in November 2022 and managed the efforts to locate and recover the lost assets of the FTX thanks to proceedings, real estate purchases and liquidations of the remaining assets of the FTX.





Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleBitcoin Crosses $90K as Trump Delays Canada, Mexico Auto Tariffs
Next Article Ethereum: why 1.95m ethn stretched could change the situation for investors

Related Posts

Analysis

Ondo finance now

June 11, 2025
Analysis

Tron booms with $ 1 billion fresh in USDT, but lending TVL Nosedives, what is the next step?

June 11, 2025
Analysis

Dow Jones earns 105 points while American commercial talks continue in London

June 10, 2025
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Event

Philippine Blockchain Week 2025 Welcomes Global Web3 Trailblazers to Manila

June 9, 2025

Manila, Philippines – June 9, 2025 — As Philippine Blockchain Week (PBW) 2025 returns for…

Event

ETHMilan 2025 Returns With a Stellar Line-Up at One of Milan’s Most Iconic Venues

June 5, 2025

Milan, Italy – Mark your calendars! ETHMilan, Italy’s largest international Ethereum and Web3 conference, is…

1 2 3 … 49 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

Ein VideointerView MIT CEO Simon Dössegger – Der Altcoinspekulant

June 11, 2025

Solana ETF approval next month? Dry asks the issuers to deposit S-1 in mid-June

June 11, 2025

Ripple hires $ 5 million for cryptographic research in Asia-Pacific

June 11, 2025
Facebook X (Twitter) Instagram LinkedIn
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
© 2025 Altcoin Observer. all rights reserved by Tech Team.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 109,395.31
ethereum
Ethereum (ETH) $ 2,770.95
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.32
bnb
BNB (BNB) $ 668.00
solana
Solana (SOL) $ 164.61
usd-coin
USDC (USDC) $ 0.999979
dogecoin
Dogecoin (DOGE) $ 0.20064
tron
TRON (TRX) $ 0.291243
cardano
Cardano (ADA) $ 0.718671