{"id":144985,"date":"2024-12-17T13:00:48","date_gmt":"2024-12-17T11:00:48","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144985"},"modified":"2024-12-17T02:51:33","modified_gmt":"2024-12-17T00:51:33","slug":"kraken-and-bitgo-to-lead-ftx-repayment-process-starting-january-2025","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/kraken-and-bitgo-to-lead-ftx-repayment-process-starting-january-2025\/","title":{"rendered":"Kraken and BitGo to Lead FTX Repayment Process Starting January 2025"},"content":{"rendered":"<p><strong><a href=\"https:\/\/www.prnewswire.com\/news-releases\/ftx-announces-effective-date-and-record-date-of-january-3-2025-for-its-chapter-11-plan-of-reorganization-302332816.html\">Announced<\/a> <\/strong>on December 16, the plan outlines an initial distribution phase, with eligible users expected to receive funds within 60 days of the start date, provided certain conditions are met.<\/p>\n<p>Crypto firms BitGo and Kraken will manage the distribution, with more customer groups to follow in later phases.<\/p>\n<p>Priority will be given to smaller claims, with users owed $50,000 or less receiving up to 119% of their account value. BitGo CEO Mike Belshe reaffirmed the firm\u2019s commitment to assisting in the recovery process.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/defi-poised-for-a-comeback-as-trump-linked-firm-buys-in\/\" title=\"DeFi Poised for a Comeback as Trump-Linked Firm Buys In\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/DeFi-5-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">DeFi Poised for a Comeback as Trump-Linked Firm Buys In<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>FTX\u2019s collapse in November 2022, sparked by a liquidity crisis, led to high-profile legal battles and criminal convictions for key executives, including founder Sam Bankman-Fried.<\/p>\n<p>Since then, debtors have been recovering assets through clawbacks and legal actions, aiming to repay creditors and close one of crypto\u2019s largest bankruptcy cases.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The long-awaited repayment process for FTX creditors is set to begin on January 3, 2025, following the approval of a reorganization plan.<\/p>\n","protected":false},"author":9,"featured_media":50672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-144985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kraken and BitGo to Lead FTX Repayment Process Starting January 2025<\/title>\n<meta name=\"description\" content=\"The long-awaited repayment process for FTX creditors is set to begin on January 3, 2025, following the approval of a reorganization plan.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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