en.bitcoinsistemi.com
Former users of the bankrupt cryptocurrency exchange FTX reportedly started receiving their long-awaited payments.
In a statement made today by FTX officials, it was announced that the second round of payments worth approximately $5 billion under the bankruptcy plan has officially been launched.
“FTX today announced that it has begun the second distribution of over $5 billion to holders of accepted claims in the Convenience and Non-Convenience classes of the contemplated plan, subject to completion of pre-distribution requirements. Customers can expect to receive payments within 1 to 3 business days from today,” the official X (formerly Twitter) account said in a statement.
In the distribution process, crypto custody provider BitGo and crypto exchange Kraken act as official “distribution partners.” FTX Trading Ltd. had previously announced that the second payment phase would begin on May 30.
FTX’s post-bankruptcy restructuring process has received mixed reactions from the public, with some critics claiming the plan is unfair, while others welcome the high refund amounts.
*This is not investment advice.