BitGo to take custody of FTX belongings in chapter process, information movement to pay distributors as much as $8.5M
Related
2 thoughts on “BitGo to take custody of FTX belongings in chapter process, information movement to pay distributors as much as $8.5M”
tldr; Crypto custodian BitGo has been nominated as the official custodian to safeguard the remaining funds at FTX. FTX filed a motion to acquire a custodian in relation to the bankruptcy process on Nov. 23. BitGo is one of the major players within the crypto custody sector, holding assets on behalf of many institutional investors.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Crypto custodian BitGo has been nominated as the official custodian to safeguard the remaining funds at FTX. FTX filed a motion to acquire a custodian in relation to the bankruptcy process on Nov. 23. BitGo is one of the major players within the crypto custody sector, holding assets on behalf of many institutional investors.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Okay.