FTX, the fallen cryptocurrency exchange, is set to start repaying creditors on May 30. Facing numerous claims, including some fraudulent, the repayments are being processed at November 2022 values, which has caused some dissatisfaction among creditors due to significant crypto price gains since then. FTX hopes to distribute around $16 billion with the help of BitGo and Kraken.
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FTX Prepares to Compensate Creditors Amid Massive Bankruptcy Proceedings
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