FTX sets Jan. 3, 2025 🎯 as the date for its Chapter 11 plan to take effect. Initial distributions 💸 to creditors expected within 60 days, with help from @BitGo 🔐 and @krakenfx 🐙.

- FTX's Chapter 11 plan becomes effective Jan. 3, 2025.

- Creditors must complete KYC, tax forms, and onboarding by the deadline.

- BitGo and Kraken will handle the first phase of distributions.