FTX sets January 3, 2025, as effective date for initial distributions to creditors
FTX is set to initiate creditor distributions on January 3, 2025, after receiving court approval for its Chapter 11 reorganization plan, according to a Monday press release.The entity plans to begin the first round of payments within 60 days of the effective date, subject to KYC and other distribution requirements. This initial distribution will be limited to specific creditor groups...
