BitGo News: FTX Creditors Begin Receiving $1.2 Billion Payouts

BitGo Unicorn News - February 18, 2025

Creditors of the bankrupt crypto exchange FTX have started receiving payouts through BitGo and Kraken, with an initial distribution of $1.2 billion. This marks the beginning of the payout process under FTX's Chapter 11 Plan, targeting claims under $50,000 with 9% annual interest accrued since November 2022.

Sources
https://dailyhodl.com/2025/02/18/1200000000-in-crypto-sent-to-ftx-creditors-through-kraken-and-bitgo-arkham/
https://www.coindesk.com/business/2025/02/18/ftx-s-initial-usd1-2b-payout-process-to-creditors-is-underway

Outline
(00:00:00) Introduction
(00:00:28) FTX Creditors Receive $1.2 Billion in Payouts Through BitGo and Kraken

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