FTX Reorganization Set for January 2025
FTX’s reorganization plan is set to begin in January 2025, enabling creditor and customer distributions. The exchange will finalize arrangements with distribution agents and announce specific payout dates soon.
The long-awaited FTX bankruptcy plan now includes a specific date for creditors to anticipate payment. The official reorganization plan will commence in January 2025, as the defunct exchange disclosed in a recent press release. FTX stated that it is in the process of finalizing the pre-requisites to ensure that the payout and timeline are feasible.
This reorganization plan will enable the trading platform to commence creditor and customer distributions, as confirmed in a press release. The exchange has announced that it will conclude its arrangements with its specially designated distribution agents prior to the January 2025 deadline.
In order to qualify for payments, customers must establish an approved account with the distribution agents. The trading platform stated that it will disclose the precise dates on which it will commence the dissemination in January. This announcement is contingent upon a court order.
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