According to online reports, according to data disclosed by HODL15 Capital, FTX will include US$16 billion in cash in the first round of repayment allocation that will officially take effect on January 3, 2025. Previously reported, on December 17, FTX and its related debtors announced that the Chapter 11 reorganization plan approved by the court will officially take effect on January 3, 2025. The first round of allocations will be initiated within 60 days of the effective date and will only be available to approved creditor holders in the Convenience Classes. FTX has reached agreements with cryptocurrency custodian BitGo and trading platform Kraken to provide asset allocation services to retail and institutional customers.