FTX creditors with less than $50,000 must authorize a service provider to receive and pay the allocated funds on their behalf

Odaily Planet Daily News: Sunil, a representative of FTX creditors, posted on the X platform that FTX has sent emails to creditors with less than $50,000 to notify them of the fund allocation. It will cooperate with the allocation service provider to claim for creditors. Creditors give up the right to obtain allocations directly from FTX. Creditors require the allocation service provider to pay their allocations. FTX has deposited the initial allocation funds into two allocation service providers, Bitgo and Kraken. At the same time, it said that some creditors showed that their claims were in dispute on the FTX claims portal, and creditors with less than $50,000 still had about $345 million in claims that had not completed KYC certification.