FTX is nearing completion of key milestones in its Chapter 11 reorganization plan. 🎉 The company is expected to begin distributing up to $16.5 billion to creditors and customers by 2025.

CEO John J. Ray III expressed satisfaction with the progress, noting that efforts to maximize recoveries are ongoing. Arrangements with distribution agents are expected to be finalized by December.

The plan is supported by creditors and promises to return up to 140% of the amount claimed. 💼