FTX's reorg plan is live, and users can finally expect some payback! 🎉 But watch out for those pesky phishing emails pretending to be from FTX. Only users who filed claims on the official site are eligible, with the first group getting reimbursed in 60 days.

Convenience class users (claims ≤ $50k) are first in line, with 98% of users potentially receiving 119% of their declared funds. Critics, however, aren't thrilled about reimbursements based on 2022 crypto prices. Meanwhile, BitGo and Kraken are stepping up to help distribute a whopping $16 billion.