Arkham: FTX users with claims below $50K have started to receive funds via Kraken and BitGo, expected to total $1.2B; users with $50K+ claims will be paid in Q2 (Francisco Rodrigues/CoinDesk)

The payouts, totaling around $1.2 billion in this phase, are being distributed in U.S. dollars through BitGo and Kraken.

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