The FTX debtor restructuring plan has taken effect, and the first batch of customers will receive a refund within 60 days.

【FTX debtor restructuring plan has taken effect, and the first batch of customers will receive refunds within 60 days】According to the official announcement, the FTX debtor restructuring plan has taken effect today. Customers need to file a claim through the official website to be eligible for a refund, and FTX states that the first group of customers should receive refunds within 60 days. According to the FTX plan, the first batch of ‘convenience class’ users will be the first to receive repayment, including users with claim amounts of $50,000 or less. The plan was approved in October, stipulating that 98% of FTX users are expected to receive a 119% repayment of the declared value of their funds. Earlier reports stated that cryptocurrency companies BitGo and CEX announced in December that they would assist in distributing compensation to FTX users. Assuming all users submit complete claims, the exchange is expected to pay approximately $16 billion.