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FTX creditors' representative Sunil revealed that many FTX claims users are currently from jurisdictions that are temporarily unable to participate in the distribution, including Russia, China, Egypt, Nigeria and Ukraine. FTX is reviewing relevant solutions. Among them, China has the largest number of users, accounting for 8% of the total number of customers.
FTX creditor representative Sunil revealed that users in five regions including Russia, China, Egypt, Nigeria and Ukraine are temporarily unable to participate in FTX bankruptcy estate distribution. Among them, China has the largest number of users, accounting for 8% of the total number of FTX users. FTX is reviewing relevant solutions.
On behalf of Sunil, FTX creditors issued a document on the X platform saying that FTX creditors' compensation of less than 50,000 US dollars has been paid at 10:00 Eastern Time, and some payments have been successfully completed. You can visit the account for inquiry.
On February 14, FTX creditors disclosed on behalf of Sunil that FTX has sent an email notification to customers who have not met the requirements for the first round of asset allocation. Customers who failed to participate in the first round of distribution on February 18, 2025 include: customer claims under review, customers with claims over $50,000, and customers who have not completed KYC, tax and distributor related requirements. These customers will be included in the subsequent distributio...
On February 8th, according to the news from FTX creditors on behalf of Sunil, FTX has sent an email to creditors less than $50,000 to notify them of the initial distribution of funds. These creditors need to register with a distribution service provider (such as Bitgo or Kraken) and authorize the service provider to receive and pay the distribution funds on their behalf. At present, FTX has transferred the first batch of funds to these distribution service providers. At the same time, some credi...
FTX creditors disclosed on behalf of Sunil on X that it has determined that FTX repayments will begin at 10:00 a.m. ET on February 18, 2025, and will be paid to creditors with claims of less than $50,000. The repayment distribution amount will include 100% of the awarded claim value (capped at $50,000), as well as an additional amount of compensation from the awarded claim value from the reference date of November 11, 2022 to 9.0% annual interest after the initial distribution date.
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