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📅 Event Time: Dec 30, 2024, 07:00 AM - Jan
FTX will begin to repay $16 billion in cash, and claims processing will begin on January 3, 2025.
Foresight News reports that FTX will begin repaying $16 billion in cash, with claims processing set to commence on January 3, 2025. Foresight News previously reported that FTX and its affiliated debtors announced that the court-approved Chapter 11 reorganization plan will officially take effect on January 3, 2025. The first round of distributions will commence within 60 days of the effective date, targeting approved creditors in Convenience Classes.