ChainCatcher news, the court has approved the FTX Chapter 11 reorganization plan to take effect on January 3, 2025, and today has been set as the record date for the first distribution. BitGo and Kraken have been designated as the FTX distribution partners to assist customers and creditors in the allocation of recovery funds. Users are required to complete requirements including KYC verification, tax form submission, and coordination with designated service providers. Claiming users must complete the necessary steps in a timely manner to ensure a smooth distribution process. The first distribution is expected to be completed within 60 days after the effective date.