FTX to start redeeming bonds as early as January, entrusting BitGo to Kraken

FTX, an exchange that went bankrupt at the end of 2022, is scheduled to begin repaying its debt as early as January. On the 16th (local time), foreign media reported that FTX had filed for Chapter 11 bankruptcy protection (
The Corporate Recovery Rebalancing Plan will go into effect on January 3rd. FTX must begin redemptions within 60 days of January 3rd.
The debt repayment will be handled by the crypto asset custody company Bitgo and the large crypto asset exchange Kr
"We will complete the necessary steps to allow our clients to redeem their notes in a timely manner," said John Ray III, CEO of FTX.