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FTX Customers Have Until End-September to Submit Bankruptcy Claims

CoindeskCoindesk2023/06/29 18:39
By:Sam Reynolds

Former customers will receive an email containing a link to the Customer Claims Portal.

Former customers of crypto exchange FTX, trading firm Alameda Research and dozens of affiliated companies have until Sept. 29 to submit and vote on the Chapter 11 restructuring plan.

Each claim against the exchange requires the claimant to specify the type of asset ( cryptocurrency, fiat, or NFT) and be denominated in U.S. dollars, according to an order from the Bankruptcy Court for the District of Delaware.

Every former customer will receive an email containing a link to the Customer Claims Portal.

The list of debtor companies eligible for the claims . Notably absent are FTX’s European and Japanese entities, which maintained segregated accounts. , Japan was one of the best places to be an FTX customer given its post-Mt. Gox regulatory environment, which requires the use of third-party custodians.

A from FTX CEO John Ray III said that the exchange owes its customers $8.7 billion. It has recovered about $7 billion in liquid assets.

Edited by Sheldon Reback.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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