According to data disclosed by HODL15Capital, FTX will include $16 billion in cash in the first round of repayment distribution that will officially take effect on January 3, 2025.

Previously reported, on December 17, FTX and its affiliated debtors announced that the Chapter 11 reorganization plan approved by the court will officially take effect on January 3, 2025. The first round of distribution will begin within 60 days after the effective date and will only be for approved creditors in Convenience Classes. FTX has reached an agreement with cryptocurrency custodian BitGo and trading platform Kraken to provide asset distribution services for retail and institutional clients.