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Kraken Chosen as Distribution Partner by the FTX Debtors
We are pleased to announce that we have entered into a partnership with FTX Trading Ltd. (“FTX”) and its affiliated debtors (the “FTX Debtors”) to assist in distributing recoveries to retail customers in supported jurisdictions in accordance with the U.S. bankruptcy court-approved FTX Chapter 11 Plan of Reorganization.
As part of this agreement, our clients can now complete the necessary steps through the FTX Debtors’ Customer Portal and select “Kraken” to ensure a smooth distribution process when it starts. We are committed to working closely with the FTX Debtors to deliver this critical step in the recovery process for affected users.
At Kraken, we have always been driven by our founding principles of prioritizing security and client service. This partnership is a testament to our dedication to these values and our willingness to work with others to achieve positive outcomes. Our experience in recovering lost funds and working closely with regulatory bodies has given us the expertise to efficiently distribute these recoveries.
This partnership demonstrates Kraken’s commitment to transparency, accountability, and customer-centricity. By choosing Kraken as their distribution partner, the FTX Debtors have entrusted us to facilitate a fair and efficient process for all parties involved.
We believe that this collaboration will not only provide a more streamlined experience for clients but also reinforce our position as a reliable and trustworthy player in the cryptocurrency industry.
Source: blog.kraken.com
