The FTX restructuring plan will take effect on January 3rd, with the first round of compensation distribution occurring within 60 days.

Unfortunately, the compensation is based on the dollar value of claims at the time of bankruptcy in November 2022, with cash payments first made to 98% of creditors.

In simpler terms, BTC may be calculated at $16,000, which is equivalent to 1/6 of its current value.$FTT