BitGo has been officially selected to support FTX Trading Ltd. and its affiliated debtors in the distribution of recovered assets to both retail and institutional customers. This initiative is part of the court-approved Chapter 11 reorganization plan and aims to provide a secure and efficient method for creditors to reclaim their funds.
Eligible users in supported jurisdictions can now recover their assets through BitGo’s platform, which offers institutional-grade custody, trading, and staking services at competitive rates. U.S.-based FTX clients also have the opportunity to participate in a quarterly Bitcoin giveaway program throughout 2025.
Why BitGo Was Chosen for FTX Asset Distribution
Security and trust have always been central to BitGo’s operations. The company has been a leader in cryptocurrency security since its founding and played a critical role in earlier bankruptcy cases such as Mt. Gox. This experience makes BitGo uniquely qualified to handle large-scale asset distributions securely and transparently.
Key Benefits for FTX Users
BitGo offers several advantages to FTX creditors during the recovery process:
- Secure Fund Recovery: Approved users can receive their funds directly into a BitGo account, from which they can withdraw, trade, stake, or custody assets instantly.
- Streamlined Process: Users can choose to receive distributions in USD or stablecoins like USDC or GoUSD, simplifying the redemption experience.
- Insurance Protection: All digital assets held with BitGo are covered by a $250 million insurance policy from Lloyd’s of London and other top-tier providers.
- Institutional-Grade Tools: Retail users gain access to the same professional-grade services used by BitGo’s institutional clients.
- Bitcoin Giveaway: Qualified U.S. FTX customers can enter to win a full Bitcoin each quarter in 2025.
How to Participate in the FTX Asset Recovery Process
To begin the recovery process, users must first verify their claim status via the official FTX Claims Portal. If the claim is marked as "Approved," individuals can select BitGo as their distribution partner and proceed with setting up an account.
Once assets are deposited, users can manage them through BitGo’s platform, which supports trading, staking, and instant withdrawals. 👉 Explore secure recovery options
Frequently Asked Questions
Who is eligible to recover assets through BitGo?
Eligibility is determined by FTX’s reorganization plan and includes retail and institutional users in supported jurisdictions. U.S.-based users may also qualify for the Bitcoin giveaway.
What currencies are available for distribution?
Users can receive distributions in USD or opt for stablecoins such as USDC or BitGo’s GoUSD for faster and more flexible access.
Is there a fee for using BitGo’s recovery service?
BitGo offers recovery services at wholesale pricing, meaning there are no significant additional fees for most users during the distribution process.
How does BitGo ensure security?
BitGo uses regulated cold storage custody, insured up to $250 million, and complies with global financial regulations to protect user assets.
Can I transfer assets out of BitGo immediately?
Yes, once funds are deposited into your BitGo account, you can withdraw, trade, or stake them without delay.
What is the Bitcoin giveaway program?
It is a promotional sweepstakes for eligible U.S. FTX customers where one winner per quarter in 2025 will receive one full Bitcoin.
Final Thoughts
BitGo’s involvement in the FTX asset distribution process brings much-needed security and efficiency to creditors seeking to recover their funds. With extensive experience in digital asset custody and bankruptcy-related distributions, BitGo offers a trusted pathway for users to regain access to their assets and continue engaging with the digital economy.
For more details on how to begin the process, visit the FTX claims portal and select BitGo as your preferred distribution provider. 👉 Learn more about asset recovery solutions