Golden Finance reported that according to data disclosed by HODL15Capital, FTX’s first round of repayment distribution, which will officially take effect on January 3, 2025, will contain US$16 billion in cash. As previously reported, on December 17, FTX and its associated debtors announced that the Chapter 11 reorganization plan approved by the court will officially take effect on January 3, 2025. The first round of distribution will start within 60 days of the effective date and will only be available to approved debt holders in the Convenience Classes. FTX has reached an agreement with cryptocurrency custodian BitGo and trading platform Kraken to provide asset allocation services to retail and institutional clients.