BitGo
December 31, 2024
BitGo Unicorn News - December 30, 2024
FTX has announced it will begin repayments on January 3rd, 2024, with BitGo and Kraken managing the distribution. The initial focus will be on claims of $50,000 and below, drawing attention to the potential impact on FTX's FTT token and the broader cryptocurrency market.
() Introduction
() FTX Confirms January Repayment Date with BitGo Involvement
FTX has set January as the target date to begin repayments to creditors, marking a significant step in the exchange’s efforts to resolve its bankruptcy proceedings. BitGo, which has been managing the secure custody of FTX's remaining digital assets, plays a critical role in safeguarding the assets to ensure an orderly distribution. This development offers a glimmer of hope for affected creditors as FTX works to restore trust and accountability within the cryptocurrency community.
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