Kraken Assists Former FTX Clients with Fee-Free Trading

user avatar

by Giorgi Kostiuk

2 years ago

Kraken steps up to assist former FTX clients by offering them fee-free trading up to $50,000.

Benefits for Kraken Clients

Eligible users choosing Kraken for their payouts gain access to up to $50,000 in fee-free crypto trading on Kraken Pro. Additionally, clients will receive bonus credits up to $105, depending on the amount of their recovered funds.

FTX Investigation and Fallout

FTX filed for bankruptcy in November 2022 after being valued at $32 billion. The fund distribution process managed by Kraken and BitGo is set to begin in January, with payouts expected within 60 days of the plan’s effective date. FTX’s founder and former CEO, Sam Bankman-Fried, was sentenced to 25 years for fraud and mismanagement.

New Opportunities from Backpack

Former Alameda Research and FTX employees founded the cryptocurrency exchange Backpack, which acquired FTX EU. The agreement allows Backpack to manage the distribution of funds to FTX EU customers and plans to launch its European services in Q1 2025. The new entity will provide crypto-derivative trading services.

Kraken and other participants continue to play a role in recovering lost funds for FTX clients, offering various opportunities and support initiatives.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Microsoft AI Releases Draft Code of Conduct for AI Models

chest

Microsoft AI has published a draft Code of Conduct outlining the expected behavior and limitations of its AI models, inviting public feedback for six weeks.

user avatarMiguel Rodriguez

Clichmont's Infrastructure Plan: Control Through GPUs.

chest

Clichmont emphasizes the importance of energy and infrastructure in AI compute, stating that owning data centers is more strategic than renting GPUs.

user avatarArif Mukhtar

Clichmont's Unique Approach to AI Infrastructure

chest

Clichmont CEO Alexis Cathalifaud discusses the company's strategy of owning data centers rather than renting GPU capacity.

user avatarMaria Gutierrez

MEXC Launches Campaigns to Enhance Trading Experience

chest

MEXC launched three flagship campaigns in August 2026 to enhance trading participation, attracting over 174,000 registrations with a total prize pool of 1 million USDT.

user avatarDavid Robinson

MEXC Reports Significant Growth in Trading Activity for August 2026

chest

MEXC has reported a significant increase in trading activity for August 2026, with a 21% rise in users trading new tokens and a 13% increase in TradFi Spot trading volume.

user avatarAndrew Smith

KuCoin Spotlight Launches Prelisting Subscription for Gnoland GNOT

chest

KuCoin Spotlight is launching a prelisting subscription for Gnoland GNOT, allowing users to access tokens before trading starts.

user avatarJacob Williams

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.