February 18 Marks Key Date: FTX Repayment Process Kicks Off For Creditors

Quick Summary:

After nearly three years of uncertainty, FTX, once a dominant player in the cryptocurrency exchange arena, is set to initiate the repayment process for its Bahamas-based creditors on February 18.

The payments will be processed by BitGo, a digital asset custody provider that has been integral to FTX’s restructuring efforts.

As FTX prepares to disburse over $16 billion to its users, it remains unclear whether Kraken, another platform involved in the repayment process, will follow a similar timeline.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: HungaryBahamasUnited States

Topics: FTX DeFi FTX Crash Crypto news Crypto FTX bankruptcy Crypto Exchange FTX Cryptocurrencies Digital currency FTX creditors Cryptocurrency

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-06 @ 06:30:29 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 432 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 16 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 25920937

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 18 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

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Publication Timezone: GMT +8:00

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Publisher ID: #105

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