# FTX begins the distribution of lost assets

Source: https://x.com/ftx_official/status/1875270914314789081?s=46

The FTX Debtors Plan of Reorganization is effective today, January 3, 2025. Today is also the initial distribution record date for holders of allowed claims in the Plan's Convenience Classes. Separate record and payment dates for other classes of claims will be announced later.

## Comments

**macbudkowski.eth**: From what I heard it's $16B, and it's gonna be paid out in stables. Hope they will buy the dip

**naomiii.eth**: Girl math is thinking this is getting free money. 

It does say I need to sign up for a BitGo account tho - it does not come easy getting free money. 

**macbudkowski.eth**: I think it's going to take some time, too:

"On January 3, 2025, the FTX Debtors announced that the Plan has become effective, which has also been set as the initial distribution record date for holders of allowed claims in the Plan's Convenience Classes (the "Initial Distribution"). The Initial Distribution is expected to occur within 60 days of the Effective Date"