Attention FTX Digital Markets clients! Please register with BitGo and complete the payment instructions

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ABMedia
01-11
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Here is the English translation: Two years after the bankruptcy of the cryptocurrency exchange FTX, the team led by John J. Ray III has finally announced the completion of the final Chapter 11 reorganization plan, with the first-quarter distribution of compensation expected to begin in 2025. FTX Digital Markets, Ltd. (Bahamas) recently issued a payment instruction notice, where individual clients can only receive their distribution through BitGo. Please note: This process is only for clients who originally chose to file claims in the Bahamas, i.e., FTX Digital Markets. Clients who participated in the US claims process should refer to the following links. Complete the FTX distribution provider selection by 1/20! Initial distribution guide: Important dates and requirements for FTX creditors FTX Compensation Procedure Step 8. Distributions: Choose a provider, must-know important matters (currently open for BitGo, Kraken) FTX Digital Markets Ltd. has initiated the "Payment Details" phase. Convenient claim holders (less than $50,000) will receive their claim distribution in the first quarter of 2025, which includes the adjudicated claim amount, applicable request interest, and less transfer fees. Access the "Payment Details" from the "Payment Instruction Submission" dashboard on the FTX Digital Claims Portal (https://digitalmarketsclaim.pwc.com/). After entering the page, select BitGo as the payment method (the only option), and use the link to register on the BitGo-specific website to complete the KYC verification, including your name, date of birth, nationality, address, and identity document upload. After completion, enter the email you registered with BitGo, check all the options, and click "Proceed" in the bottom right to complete the task. Note: Checking the options indicates your consent to authorize FTX Digital and the joint official liquidators to share your personal identity verification records and US tax forms with the payment agent you have chosen. Risk Warning: Cryptocurrency investment is highly risky, and its price may fluctuate dramatically. You may lose your entire principal. Please carefully evaluate the risks.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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