FTX Repayment Update: Second Phase to Begin in May
- Kraken confirmed the start of the second phase of FTX creditor repayments on May 30.
- FTX creditors’ representative shared an email allegedly from Kraken indicating the upcoming repayments.
- This phase will cover claims below and above $50,000.
- Previous distribution covered claims worth $50,000 or less.
- Upcoming repayment phase will expand eligibility, allowing larger investors to receive funds.
FTX Creditors in Certain Countries Yet to Receive Compensation
Creditors in China, Russia, Egypt, Nigeria, and Ukraine have not received any compensation yet.
FTX is exploring ways to resolve these issues, but it remains uncertain whether affected users will receive payments in the next round.
FTX Unstakes Solana Tokens
- FTX and its affiliate Alameda Research unstaked 3.03 million SOL tokens valued at approximately $432.5 million.
- This marks the largest unstaking event for FTX/Alameda since November 2023.
- A broader plan to unlock 11.2 million SOL, worth roughly $1.5 billion, is scheduled for early March.
- FTX/Alameda has unstaked and liquidated 7.83 million SOL since November 2023, with an average sale price of $125.80 per token.
