Account Migration has not begun. There will be an in game message when it's your turn to move. Do not fall for any third party websites that are telling you to migrate NOW. They're trying to steal your information.
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Replying to @Phantomrunner66
We apologize for the inconvenience, but this is currently a known issue. The team is currently working on a fix that we hope to have out to everyone as soon as possible. Thank you for your patience while we work on the solution! ^SP

Oct 24, 2020 · 10:53 PM UTC

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Replying to @MojangSupport @Phantomrunner66
One month later and still can’t make a red loading screen go away 10/10 great game....*extreme sarcasm*