GuShiio.com GuShiio.com learned that according to Sunil, the representative of FTX creditors, FTX has sent emails to creditors less than US$50,000 to inform them of matters related to the initial allocation of funds. These creditors need to register through a distribution service provider (such as Bitgo or Kraken) and authorize the service provider to receive and pay distribution funds on its behalf. Currently, FTX has transferred the first batch of funds to these distribution service providers. At the same time, some creditors showed on the FTX creditor’s rights portal that their creditor’s rights status is controversial. Creditors of less than US$50,000 still have approximately US$345 million of claims that have not yet been certified by KYC.
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