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

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

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