FTX Sets January 3, 2025 as Date for Chapter 11 Reorganization Plan

FTX Sets January 3, 2025 as Date for Chapter 11 Reorganization Plan

FTX, the bankrupt crypto exchange, plans to repay $16 billion to customers by March 20251. This is part of their Chapter 11 reorganization, starting January 3, 20251. CEO John J. Ray III aims to begin distributing recoveries within 60 days of the start date2. The plan focuses on customers with claims of $50,000 or less, […]