BitGo News: FTX Plans Bankruptcy Payouts Through BitGo And Kraken

BitGo Unicorn News - December 16, 2024

FTX Trading Ltd. has announced a structured plan to facilitate bankruptcy payouts in stablecoins via BitGo and Kraken. The process, set to begin in early 2025, aims to repay creditors and customers as part of its Chapter 11 proceedings, with up to $16.5 billion allocated for distribution.

Sources
https://biztoc.com/x/3e4d27d353ade381
https://biztoc.com/x/5ad7eb670cc840d2
https://decrypt.co/296842/ftx-return-funds-customers-early-2025

Outline
(00:00:00) Introduction
(00:00:27) FTX to Allow Bankruptcy Payouts via BitGo and Kraken

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