FTX is reborn on January 3, 2025! 🎉

- FTX and affiliated debtors announced that their Chapter 11 reorganization plan will go into effect on this date.

- The first distribution will also be recorded on this date. Those who complete KYC and tax forms will be able to receive their payments within 60 days.

Payment Details 💸

- ​​Creditors will get 119% of their claims back, with some getting up to 140% cash back!

Total recoveries are expected to be between $14.7-16.5 billion.

FTX CEO John J. Ray III called this a major accomplishment. Share your thoughts in the comments! 👇