According to data disclosed by HODL15 Capital, FTX will include $16 billion in cash in the first round of repayment distribution that will take effect on January 3, 2025.
Previously reported, on December 17, FTX and its affiliated debtors announced that the court-approved Chapter 11 restructuring plan will officially take effect on January 3, 2025. The first round of distributions will commence within 60 days of the effective date and will only be available to approved creditor holders in the Convenience Classes. FTX has entered into agreements with cryptocurrency custodian BitGo and trading platform Kraken to provide asset distribution services to retail and institutional clients.
The FTX restructuring plan will take effect on January 3, 2025, including a $16 billion cash distribution
2024-12-29 06:05:07
Hodl15capital disclosure data ftx 2025 official effective first round of compensationdesk3cryptocurrencydesktopCrypto News
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