FTX and its debtors announced that their Chapter 11 reorganization plan will take effect on January 3, 2025. 📅 On the same day, the initial record date for holders of allowed claims in the convenience classes will be established.

Payments will begin within 60 days, but recipients must undergo KYC and other procedures. 💼 The first wave of payments will only affect the convenience classes, while dates for the other classes will be announced later.