ChainCatcher news, according to Bitcoin News, Kraken has completed the initial fund distribution of FTX assets, compensating over 46,000 creditors.It is reported that FTX plans to start repaying $16 billion to creditors on February 18, 2025, with the first phase repaying $6.5-7 billion. Payments are based on prices from November 2022.

ChainCatcher news, LayerZero CEO Bryan Pellegrino posted on social media, "After more than two years and millions in legal fees, we have reached a settlement agreement with the FTX estate.Ultimately, we decided this is not a confrontation between us and FTX, although we felt we had every reason to do so, but rather a confrontation between us and the creditors. The original repurchase amount has been returned to the FTX estate. I'm glad to no longer be frequently on calls with lawyers and can focus all my energy on building."

ChainCatcher news, according to Bloomberg, Pantera Capital is raising funds from large investors to purchase discounted Solana tokens from the FTX Estate.According to marketing materials sent to potential investors in February, which Bloomberg has seen, the fund has the opportunity to buy $250 million worth of SOL tokens from the FTX Estate. In exchange for the option to purchase SOL at a price 39% below the 30-day average price or at $59.95, investors must agree to a vesting period of up to four years.Pantera stated that the FTX Estate holds 41.1 million SOL tokens, valued at $5.4 billion as of Wednesday, accounting for approximately 10% of the total supply.

ChainCatcher message, Whale monitoring shows that at 14:38 Beijing time, 280,065 SOL (21,292,483 USD) was transferred from an unknown wallet to the FTX Estate account. Then at 14:39, the FTX Estate account transferred 136,971 SOL (10,395,660 USD) to an unknown new wallet address.