FTX Trading Ltd. and its affiliated debtors have announced that their Chapter 11 reorganization plan is nearing completion and is expected to become effective by January 2025. CEO John J. Ray III stated that initial distributions to creditors will commence within 60 days after the plan's implementation. Customers will need to create accounts, complete KYC procedures, and submit necessary tax forms to receive their distributions.

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FTX’s Chapter 11 reorganization plan moving toward completion brings hope for creditors and customers. The next steps will be crucial for those seeking recovery.
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