atlas21 on Nostr: CRYPTO - On December 16, FTX, the exchange that failed in 2022, announced that its ...
CRYPTO - On December 16, FTX, the exchange that failed in 2022, announced that its fund distribution plan for creditors will take effect on January 3, 2025, with the first repayments expected within the following 60 days. The company plans to distribute approximately $16 billion to creditors.
The initial distribution will involve users with claims of $50,000 or less, representing about 90% of all creditors. To receive any payment, customers must register through the FTX Customer Portal.
To manage the distribution, FTX will rely on two partners: Kraken and BitGo. Kraken already has experience in a similar role, having managed repayments for Mt. Gox creditors.
https://atlas21.com/ftx-repayment-plan-for-customers-kicks-off-via-kraken-and-bitgo/
The initial distribution will involve users with claims of $50,000 or less, representing about 90% of all creditors. To receive any payment, customers must register through the FTX Customer Portal.
To manage the distribution, FTX will rely on two partners: Kraken and BitGo. Kraken already has experience in a similar role, having managed repayments for Mt. Gox creditors.
https://atlas21.com/ftx-repayment-plan-for-customers-kicks-off-via-kraken-and-bitgo/