{"id":142890,"date":"2024-11-22T08:30:13","date_gmt":"2024-11-22T06:30:13","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=142890"},"modified":"2024-11-21T23:36:15","modified_gmt":"2024-11-21T21:36:15","slug":"ftx-restructuring-plan-set-for-january-2025-payouts-to-follow-by-march","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ftx-restructuring-plan-set-for-january-2025-payouts-to-follow-by-march\/","title":{"rendered":"FTX Restructuring Plan Set for January 2025, Payouts to Follow by March"},"content":{"rendered":"

The bankrupt crypto exchange has confirmed<\/a> <\/strong>that creditor distributions will start by March at the latest, marking a key milestone in its recovery process.<\/p>\n

The company recently announced the completion of its Chapter 11 reorganization plan. CEO John J. Ray III stated that initial payouts would occur within 60 days of the plan\u2019s activation. Eligible creditors will need to set up accounts, complete identity verification (KYC), and submit required tax documents to receive their distributions.<\/p>\n

As part of the preparations, FTX plans to finalize agreements with specialized distribution agents by early December. These agents will facilitate the global recovery process for eligible customers in supported regions. Clear instructions for account setup with the appointed agents are expected to follow soon after.<\/p>\n