PANews reported on January 4 that according to Cointelegraph, the FTX reorganization plan took effect on January 3 and will allow users to start receiving repayments. Customers need to file a claim through the official website to be eligible for a refund, and FTX said the first group of customers should receive a refund within 60 days. According to the FTX plan, the first batch of "Convenience Classes" users will be reimbursed first, including users with claims of $50,000 and below. The registration and payment dates for other categories of claims will be announced later. The plan was approved in October, which stipulates that 98% of FTX users are expected to receive a repayment of 119% of the declared value of their funds. FTX Debtors reminds that users requesting claims should be wary of phishing emails that appear to be sent from exchanges.
FTX restructuring plan has taken effect
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