FTX Restructuring Plan Has Taken Effect

PANews, January 4 - According to Cointelegraph, the FTX restructuring plan took effect on January 3 and will allow users to begin receiving repayments. Customers need to file claims through the official website to be eligible for refunds. FTX stated that the first group of customers should receive refunds within 60 days. According to the FTX plan, the first batch of 'Convenience Classes' users will be repaid first, including users with claim amounts of $50,000 and below. Registration and payment dates for claims in other categories will be announced later. The plan was approved in October, which stipulates that 98% of FTX users are expected to receive 119% of their claimed fund value in repayments. FTX Debtors remind users requesting claims to be wary of phishing emails that appear to be sent from the exchange.