ChainCatcher Message, the court has approved FTX's Chapter 11 reorganization plan to take effect on January 3, 2025, and set today as the record date for the first distribution. BitGo and Kraken have been designated as FTX distribution partners to assist customers and creditors in the distribution of recovery funds. Users must complete requirements including KYC verification, tax form submission, and coordination with designated service providers. Claimants must timely complete necessary steps to ensure a smooth distribution process. The first distribution is expected to be completed within 60 days after the effective date.