Kraken has begun distributing funds to FTX creditors

ChainCatcher news, FTX creditor representative Sunil stated on social media, "FTX creditors have received distribution payments from FTX in their Kraken accounts."

ChainCatcher previously reported that FTX announced on the X platform that it has launched the second phase of the user repayment program, expecting to distribute over $5 billion to creditors, who will receive the funds within 1 to 3 business days starting today.