Wu learned that, according to PR Newswire, FTX Trading Ltd. and its affiliated Debtors announced that the final conditions precedent to the effectiveness of the Chapter 11 Plan are expected to be satisfied, with the Plan expected to become effective in early January 2025, paving the way for distribution to creditors and clients. CEO John J. Ray III stated that the initial distribution will take place within 60 days after the Plan becomes effective, and clients are required to establish an account and complete KYC verification at the distribution agent. FTX expects to reach a protocol with the distribution agent in early December and announce the specific effective date by the end of December, continuing to advance the debt recovery work.