More than two years after the cryptocurrency exchange filed for bankruptcy, the first group of FTX claimants could see recovery payments distributed as early as January.

Cointelegraph

Kraken and BitGo will help distribute the first FTX payments in 2025

FTX Trading Ltd. (FTX) and its affiliated debtors have locked in Jan. 3, 2025, as the kickoff day for their court-endorsed Chapter 11 Reorganization Plan. FTX Creditor Distribution Is Coming Soon According to the press release, this date will also act as the debut distribution record for creditors within the plan’s convenience categories. In the... The post Bitgo, Kraken Partner With FTX for Jan. 3 Payment Distribution appeared first on Daily Tr…

Bitcoin.com

Bitgo, Kraken Partner With FTX for Jan. 3 Payment Distribution

Bankrupt crypto exchange FTX has picked crypto custodian BitGo and once-rival exchange Kraken as distribution partners for its bankruptcy payouts. The failed exchange confirmed this in an announcement today while also updating its claims portal. According to the information on the claim portal,...

CryptoPanic

FTX names BitGo and Kraken as distribution partners for bankruptcy payouts

Collapsed crypto exchange FTX is set to begin repaying customers, with a first distribution expected within 60 days of January 3, 2025.

decrypt.co

New York

United States

FTX Will Repay Customers in Early 2025 via Kraken and BitGo

More than two years after the cryptocurrency exchange filed for bankruptcy, the first group of FTX claimants could see recovery payments distributed …

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FTX Trading Ltd. (FTX) and its affiliated debtors have locked in Jan. 3, 2025, as the kickoff day for their court-endorsed Chapter 11 Reorganization Plan. FTX Creditor Distribution Is Coming Soon According to the press release, this date will also act as the debut distribution record for creditors w...

http://coinprofitnews.com

FTX and its affiliated debtors have announced that their Chapter 11 reorganization plan will officially take effect on January 3, 2025. This day has also been designated as the initial distribution record date for those holding allowed claims in the plan’s convenience classes. Distribution Details According to a press release, payments for these claims are expected to begin within 60 days of the plan’s effective date. In line with this, recipien…

CryptoPotato

Here's When FTX’s Court-Approved Chapter 11 Plan Will Take Effect

FTX and its affiliated debtors announced on Dec. 16 that their reorganization plan will take effect on Jan. 3, 2025, and distributions will commence within 60 days. FTX has partnered with BitGo and Kraken to manage the distribution process for retail and institutional creditors. According to the claim portal, these service providers will ensure distributions…

Crypto Digital Currency News ©

FTX to begin initial distributions by March with Kraken and BitGo as partners

We have entered into an agreement with FTX Trading Ltd. (“FTX”) and its affiliated debtors (the “FTX Debtors”) to assist in distributing recoveries to retail customers in supported jurisdictions in accordance with the U.S. bankruptcy court-approved FTX Chapter 11 Plan of Reorganization. To ensure clients receive funds when distribution starts, they can complete the necessary […] The post Kraken chosen as distribution partner by the FTX Debtors a…

Bitcoin Insider

Kraken chosen as distribution partner by the FTX Debtors

FTX and its affiliated debtors announced on Dec. 16 that their reorganization plan will take effect on Jan. 3, 2025, and distributions will commence within 60 days. FTX has partnered with BitGo and Kraken to manage the distribution process for retail and institutional creditors. According to the claim portal, these service providers will ensure distributions are executed efficiently and securely across supported jurisdictions while also allowing…

Kraken and BitGo will help distribute the first FTX payments in 2025

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