FTX crypto exchange starts repayment with $50K claims, eyes May 30 for higher payouts – BitRss

• FTX ($0.00) has begun repayments for claims worth $50K or below through BitGo and Kraken. 
• The next compensation phase for >$50K claims is scheduled for early summer 2025. 

The defunct FTX crypto exchange has begun repayment for users with claims worth $50K or less.

Reportedly, about $1.2B will be distributed in the first phase for this category of claims, also known as the ‘convenience class’ through Kraken and BitGo. 

At the time of writing, Kraken’s co-CEO, Arjun Sethi, acknowledged that the exchange had processed funds to 46K creditors. 

“I am pleased to announce a milestone: KrakenFX has completed the first distribution of funds from the FTX estate to ove…