FTX Creditors Must Act Now to Receive Initial Distribution

• FTX’s reorganization plan starts on January 3, 2025 with the initial claim distributions.
• Creditors must complete KYC, tax forms, and choose a provider by January 20, 2025.
• Be cautious of scams and use only official FTX channels for updates.

The FTX Debtors’ plan of reorganization is officially in effect as of January 3, 2025. This marks the start of the initial distribution of allowed claims. However, FTX urges creditors in the Plan’s Convenience Classes to complete key steps to ensure they receive their distribution.

Pre-Distribution Steps for Creditors

To qualify for a distribution, creditors must complete the pre-distribution steps through the FTX Customer Portal. These steps include fulfilling Know Your Customer (KYC) requirements, submitting tax forms, and selecting a distribution service provider.

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