FTX, under the leadership of John Ray III, plans to begin asset distribution to creditors and customers by March 2025. After two years of recovery, the company is set to pay out about $16 billion. The process will start 60 days after the confirmation of the Reorganization Plan in January 2025. To receive funds, customers will need to complete KYC verification and register an approved account with one of the agents. The restructuring of FTX is nearing completion, and a significant portion of the assets will be returned to the affected parties.
11/22/2024 11:48:24 AM (GMT+1)
FTX will begin distributing assets worth $16 billion 💰 to creditors and customers by March 2025, after the completion of the reorganization plan and KYC verification 📅
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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