FTX's reorganization starts on January 3, 2025. This marks the beginning of the distribution of funds to creditors with approved claims.
Start of the Reorganization
FTX's reorganization plan is officially in effect. This initiates the initial distribution of funds to creditors with allowed claims. Creditors need to fulfill all necessary steps to receive their share.
Key Requirements for Creditors
Creditors need to complete several steps on the FTX Customer Portal to receive their distribution. These steps include fulfilling KYC requirements, submitting tax forms, and selecting a distribution service provider.
Attention to Scams
FTX warns creditors to be cautious and use only official FTX channels for updates. This helps avoid potential fraudulent activities.
FTX creditors must complete all requirements by January 20, 2025, to receive their funds. It's important to remain vigilant and follow official channels for up-to-date information.
