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FTX Begins Second Round of $5B Creditor Payments
- FTX initiates second round of $5 billion creditor payments under court-approved reorganization plan.
- Bitgo and Kraken facilitate secure distribution of funds to claimants.
- Dotcom users receive 72%, and convenience claims are being repaid at 120% rate.
- FTX making progress in restoring trust and fulfilling obligations under new management, indicating positive trajectory in cryptocurrency space.
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