#FTT反弹分析

FTX's latest restructuring news is as follows:

• FTX expects its bankruptcy reorganization plan to take effect in early January 2025 and will initiate the first distribution process within 60 days. FTX CEO and Chief Restructuring Officer John J.Ray III said the company has recovered billions of dollars for creditors and customers and is working with distribution agents to advance distribution as quickly as possible.

• FTX provided an update on the expected distribution schedule: In early December, the debtors expect to reach a final arrangement with professional distribution agents who will help FTX distribute compensation among customers around the world. At that time, the debtors will provide instructions to guide customers to set up approved accounts on the existing customer portal. By the end of December, the debtors expect to announce the exact effective date after the court approves the court order for the disputed claim reserve amount, which is a prerequisite for distribution under the confirmation order.

• Pursuant to the confirmation order, the first distribution will be made within 60 days of the effective date and will be distributed to creditors of the convenience class whose claims are allowed in the plan. The record date of the initial distribution will be the same as the effective date.

• FTX estimates that the total value of property collected, converted to cash and available for distribution will be between $14.5 billion and $16.3 billion. The amount includes assets controlled by Chapter 11 debtors and assets controlled by the Joint Official Liquidators of FTX Digital Markets, Ltd. (Bahamas), the Securities Commission of the Bahamas, and the Joint Official Liquidators of FTX Australia.

• It is reported that FTX owes customers and other non-government creditors about $11 billion. The additional cash will be used to pay interest to the company's more than 2 million customers, a rare result because creditors in U.S. bankruptcy cases usually only receive a small portion of the face value.

This information provides the latest progress and expected timetable of FTX's restructuring plan. The clouds have been cleared and the moon has been seen. To prevent the wash, conservative people can wait to take over the low custody. Aggressive purchases are just in time...#FTT