FTX creditors will get their money back! 💸
Finally, good news has arrived: in January 2025, creditors will start getting their funds back!
How will it work? ⚙️
1. The plan has been approved — the court supported the reorganization of FTX, and it will take effect on January 3, 2025.
2. Where will the money be returned?
• Funds will be distributed through the Kraken exchange and the BitGo platform, which will act as intermediaries.
3. How much and when?
• FTX plans to return up to $16.5 billion!
• 98% of the money will be distributed within 60 days, that is, by March 4, 2025.
What do creditors need to do? 📝
If you are a creditor, you need to:
1. Visit the FTX creditors' website and confirm your information.
2. Fill out the forms.
3. Register on BitGo or Kraken, where your money will be transferred.
📌Good news for the industry😉
