A new stage of payments to creditors of the bankrupt crypto exchange FTX

On March 31, payments of $2.2 billion will begin to creditors of the bankrupt crypto exchange FTX. The funds will be distributed through service providers BitGo, Kraken, or Payoneer. 

To receive compensation, users must complete the claims portal procedure, including updating tax information and identity verification. 

Holders of preferred shares will receive payments on May 29, after the shareholder register is finalized on April 30. The claims portal will be updated around March 21 to reflect the final payment parameters.