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FTX to begin initial distributions by March with Kraken and BitGo as partners – TON BOT

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FTX to begin initial distributions by March with Kraken and BitGo as partners

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FTX and its affiliated debtors will implement a reorganization plan on Jan. 3, 2025, with distributions starting within 60 days. BitGo and Kraken will manage the process for retail and institutional creditors. Eligible creditors must complete steps before the effective date to receive payments. The $16.5 billion recovery plan was approved by US Bankruptcy Judge John Dorsey.

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