Additional Channel for FTX Claims: Pending Applications Can Be Processed through FTX Digital by May 15
Many FTX users have recently received debt claim letters from FTX Digital Markets Ltd. (FTX Bahamas entity). The Bahamas and the US-led liquidation restructuring case, spearheaded by John Ray, have reached a cooperative agreement, ensuring roughly the same returns regardless of which procedure is followed. However, if you failed to complete the debt claim process in the US within the specified timeframe, you can try applying again before the May 15th deadline for the Bahamas procedure.
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Received an FTX debt claim letter? The Bahamas court explains the differences and implications of the US claim process
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How to apply for the claim?
Completing either the Kroll/FTX Digital claim website is sufficient
Due to being unable to receive the email two-factor verification, I gave up on the claim application at the end of last year. Today, I attempted the claim process in the Bahamas and found it to be very smooth, taking less than ten minutes to complete. The process is as follows:
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Click here to enter
the claim website
Click on “Create Claim” in the top right corner
Fill in basic information such as name, country, phone number, email, and set a password for this claim website
Later, the official will send a code to your email for the next verification step
Fill in personal details including date of birth, residential address, ID number, etc.
Then, click on “Link email” and the official will send another code to your email. After verification, your FTX account balance will be displayed directly, with all currencies converted to USD based on the original announcement price
If there is a dispute regarding the balance, additional supporting documents can be uploaded
Double-check the account balance and personal information. If everything is correct, you can directly sign online to complete the Claim process
There is already a cooperative agreement between the Bahamas and the US-led liquidation restructuring case spearheaded by John Ray. Both cases focus on liquidation and distribution through US litigation, with the Bahamas simply providing an additional portal. Customers can file claims through either the US procedure (Kroll claim website) or the Bahamas procedure (FTX Digital claim website). If customers are entitled to distribution, they will receive roughly the same returns regardless of which procedure is followed. This also means that users only need to complete the application in one of the locations.
Therefore, when calculating the value of liquidation assets, the Bahamas portal will use the same claim price as previously reported by Kroll.
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FTX claimants receive a letter from Kroll? Conversion price list: BTC 16K/ETH 1.2K/SOL 16/FTT not included
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FTX
FTX Digital
Kroll
Further reading
Received an FTX debt claim letter? The Bahamas court explains the differences and implications of the US claim process
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