FTX’s Chapter 11 bankruptcy proceedings have initiated the distribution of $5 billion to creditors via Kraken and BitGo, two prominent cryptocurrency service providers. This disbursement is a crucial step in the recovery process and has already influenced market sentiment. 💰 📈 However, concerns remain about the payout methodology, based on November 2022 valuations, potentially raising questions about fairness and reflecting current market realities. 🧐 The process involves the FTX Recovery Trust, separate from former leadership, to ensure independent handling of payments. The impact on crypto market dynamics is significant, prompting increased scrutiny on liquidity and sentiment among stakeholders.