FTX has begun distributing funds to its customers, starting with those claiming up to 50K, who will receive their funds within the next one to three business days. A second round of distributions is scheduled for April 11. Payments will be processed through BitGo and Kraken. The bankruptcy plan, approved by a Delaware judge in October 2024, ensures that 98% of creditors will receive at least 118% of their claims in cash. Are the repayments fair? Source: The Block
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