The post FTX Begins $5 Billion Creditor Payout via Kraken – Coincu appeared on BitcoinEthereumNews.com.

Key Points: Payout of $5 billion by FTX to creditors begins. Distributions start May 30, 2025, via Kraken. Potential market liquidity surge if reinvested in crypto. FTX starts distributing over $5 billion to creditors via Kraken and Bitgo from May 30, 2025, source. The payout is crucial as it potentially increases liquidity in crypto markets, drawing significant community attention. You can learn more about the FTX claims process and information portal for creditors. FTX’s $5 Billion Distribution: Timeline and Community Impact FTX Recovery Trust has initiated the second round of creditor payouts exceeding $5 billion following the company’s bankruptcy in late 2022. John J. Ray III leads these efforts, focusing on maximizing recoveries. He stated, “These first non-convenience class distributions are an important milestone for FTX. The scope and magnitude of the FTX creditor base makes this an unprecedented distribution process, and today’s announcement reflects the outstanding success of the recovery and coordination efforts of our team of professionals. Our focus remains on recovering more for creditors and resolving outstanding claims.” Payments for FTX US creditors begin on May 30, while international distributions start on June 2. These events are processed in USD, reflecting November 2022’s portfolio values, possibly undervaluing payouts post-market rallies. The community, especially traders, shows cautious optimism. Creditor representative Sunil confirmed the distribution schedule through . There is potential for substantial crypto-market impacts if funds are reinvested into assets. Market Dynamics: How FTX’s Payouts Could Shape Cryptocurrencies Did you know? Large-scale creditor distributions, like Mt. Gox’s, have historically influenced crypto market volatility, with ripple effects on prices and trading volumes. Bitcoin (BTC) holds a market cap of $2.08 trillion and dominates 63.45% of the market. It currently trades at $104,869.52, with a 30.41% price increase over 24 hours, according to CoinMarketCap. This volatile environment could be reshaped…

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Filed under: News - @ May 31, 2025 10:28 pm