$FTT 🔝🫡 Summary:

❶ In early December, the debtor is expected to finalize arrangements with professional distribution agents, who will assist FTX in distributing recovered funds to global customers in supported jurisdictions (“distribution agents”). At that time, the debtor will provide instructions to guide customers in establishing approved accounts with the distribution agents on the existing customer portal.

❷ At the end of December, the debtor is expected to announce the exact effective date after the court order approving the disputed claim reserve amount is issued, which is a prerequisite for the distribution based on the confirmation order.

★ The plan is expected to take effect in early January 2025.

★ The record date for the initial distribution will be the same as the effective date.

- Wilmington, Delaware, November 21, 2024 /PRNewswire/ -- FTX Trading Ltd. (i.e., FTX.com) and its affiliated debtors (“FTX” or “debtor”) today announced that FTX is nearing the completion of the final prerequisites for the court-approved Chapter 11 reorganization plan (“plan”) to take effect, paving the way for FTX to begin distribution to creditors and customers.

——— Still the same words #ftx and ftt just let me be the one to wait🫡