Kraken Announces Second FTX Repayment... Including Creditors with Claims Over $50,000
JOON HYOUNG LEE
Summary
- Kraken announced it has begun the second round of FTX debt repayments.
- This repayment includes creditors with claims exceeding $50,000.
- Kraken stated that it prioritized repayments to creditors with claims less than $50,000.
Cryptocurrency exchange Kraken has begun its second round of FTX debt repayments.
Sunil Kavuri, representative of FTX's largest creditor group, announced on the 6th via X (formerly Twitter) that "Kraken has started sending emails to FTX creditors (regarding repayment)." The second repayment date is May 30th of this year.
This repayment includes creditors with claims exceeding $50,000. Kraken is known to have prioritized repayments to creditors with claims less than $50,000.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
