Former users of the bankrupt FTX exchange reported that they began receiving payments through the BitGo and Kraken.
Customers can expect to receive funds within 1-3 business days, starting today. FTX also reminds customers to beware of phishing emails that may appear to be from FTX and fraudulent sites that may appear to be an FTX customer portal, FTX wrote on its social media account.
The parent company of the bankrupt cryptocurrency exchange FTX Trading Ltd. previously announced that payments of more than $5 billion under the second stage of the reorganization would begin on May 30.
Users are expected to receive nearly 74% of the dollar value of their account holdings in this distribution, with additional payouts planned for a later date.
In total, former clients of the bankrupt FTX will be reimbursed from $14,7 to $16,5 billion, with the amounts of payments varying depending on the type and value of claims. It is known that holders of small assets will receive at least 119% of the authorized amount of claims, including interest payments.
