FTX's debt recovery journey has reached a major milestone. John J. Ray III, the seasoned bankruptcy restructuring expert now serving as Chief Executive Officer of the FTX Debtors, announced that the long-awaited distribution plan is finally operational as of January 2025. This marks the culmination of two years of intensive professional work aimed at recovering billions in assets for stakeholders.
Ray emphasized that the team's systematic recovery efforts have positioned the organization to begin processing distributions to both customers and creditors. The implementation represents a signific