FTX Chapter 11 Plan To Take Effect in January 2025, Kraken and BitGo To Assist With Recoveries

Quick Summary:

First Distribution To Occur Within 60 Days The first distribution is expected to occur within 60 days of the Effective Date.

Notably, Kraken has previously assisted in similar cases, including creditor payouts related to the Mt.Gox bankruptcy.

The Initial Distribution is limited to the Plan’s Convenience Classes.

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Article Details

Author / Journalist: Nidhi Kolhapur

Category: Crypto

Markets: United States

Topics: News Crypto news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 18:55:33 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 295 words

Reading Time: 2 minutes read

Sentences: 20 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 24453414

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 30 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 12 hours ago

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