Golden Finance reports that, according to the official announcement, the FTX debtors' restructuring plan has taken effect today. Customers need to file claims through the official website to be eligible for refunds, and FTX stated that the first group of customers should receive refunds within 60 days. According to FTX's plan, the first group of 'convenience class' users will be repaid first, including users with claims of $50,000 or less. The plan was approved in October, which stipulates that 98% of FTX users are expected to receive 119% of their claimed value in refunds. Previously, reports indicated that cryptocurrency companies BitGo and Kraken announced in December that they would assist in distributing compensation to FTX users. Assuming all users submit complete claims, the exchange expects to pay out approximately $16 billion.