FTX to Begin Bankruptcy Distributions via Kraken and BitGo on Jan. 3

FTX to Begin Bankruptcy Distributions via Kraken and BitGo on Jan. 3

Beginning on January 3, 2025, FTX creditors affected by the failure of the cryptocurrency exchange in 2022 will start receiving bankruptcy dividends. The FTX estate announced that users would be able to receive payouts in stablecoins through Kraken and BitGo thanks to the distribution method, which was approved by U.S. District Judge John Dorsey in October. The formal partners for managing repayments are Kraken and BitGo, according to Sunil K...

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