TechFlow reports that on January 4, according to an official announcement, the FTX debtor team declared its reorganization plan officially effective. The same day marks the first claims registration date for approved Convenience Classes claimants. Registration and payment dates for other claim categories will be announced separately. To qualify for distributions, customers and creditors must complete prerequisite steps, including selecting a distribution agent via the FTX debtor customer portal. Additionally, the FTX debtor team warned customers to remain vigilant against phishing emails and fraudulent websites impersonating the official customer portal.
Previous report: FTX and its affiliated debtors announced that the court-approved Chapter 11 reorganization plan will officially take effect on January 3, 2025. The first distribution will launch within 60 days of the effective date and will be available exclusively to approved claimants in the Convenience Classes. FTX has reached agreements with cryptocurrency custodian BitGo and exchange Kraken to provide asset distribution services for retail and institutional clients.
