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by: xpoolPosted on: June 2, 2025

FTX Launches $5 Billion Creditor Repayment Phase

FTX has initiated the second phase of its debt repayment plan, distributing over $5 billion to creditors. This follows the company’s filing for Chapter 11 bankruptcy in November 2022. The latest payments are managed by Kraken and BitGo, streamlining the process for FTX as it seeks to navigate its bankruptcy proceedings. This move impacts stablecoin liquidity within the cryptocurrency market.

Related posts:

  1. FTX KYC Deadline Extended: Over 400,000 Users Face Potential Loss of $2.5 Billion
  2. FTX Disburses $5 Billion to Creditors in Second Repayment Phase
  3. FTX Begins Second Repayment Phase, Distributing $5 Billion to Creditors
  4. FTX Launches $5 Billion Repayment Phase: Second Major Distribution
Cryptocurrency FTX Repayment

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