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Bankrupt crypto exchange FTX has initiated its second round of creditor repayments, distributing over $5.4 billion. The payouts include both smaller ‘Convenience Class’ creditors and larger claims, with funds delivered via BitGo or Kraken.
- FTX is distributing $5.4 billion in its second round of creditor repayments, with funds sent via BitGo or Kraken.
- 98% of creditors will receive approximately 119% of their holdings' value at the time of FTX's bankruptcy filing.
- The increased payout is partly due to FTX's 8% stake in AI company Anthropic and crypto market recoveries.
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