PANews reported on June 2 that Sunil, a representative of FTX creditors, posted on the X platform that “FTX creditors have received FTX’s distribution funds in their Kraken accounts.”

Earlier news, FTX announced the launch of the second phase of user repayment procedures. The funds distribution time for FTX’s US creditors is May 30, 2025 (total debt amount: US$312 million), and the funds distribution time for FTX’s international creditors is June 2, 2025.