PANews reported on January 4 that according to Cointelegraph, the FTX reorganization plan took effect on January 3 and will allow users to start receiving repayments. Customers need to file a claim through the official website to be eligible for a refund, and FTX said the first group of customers should receive a refund within 60 days. According to the FTX plan, the first batch of "Convenience Classes" users will be reimbursed first, including users with claims of $50,000 and below. The registration and payment dates for other categories of claims will be announced later. The plan was approved in October, which stipulates that 98% of FTX users are expected to receive a repayment of 119% of the declared value of their funds. FTX Debtors reminds that users requesting claims should be wary of phishing emails that appear to be sent from exchanges.