<ul><li>The defunct cryptocurrency exchange FTX has announced the effective date for its Chapter 11 reorganization plan.</li><li>On January 3, 2025, the plan will take effect and serve as the initial distribution record date for allowed claims in the plan's Convenience Classes.</li><li>FTX has partnered with BitGo and Kraken to facilitate the distribution process to affected customers and creditors.</li><li>FTT, FTX's native token, has experienced significant impact from the news, with current gains of 23% over the past two weeks and 52% over the past month.</li></ul>

FTX Announces Effective Date For Chapter 11 Reorganization Plan: January 3, 2025

Discover more