Thousands of creditors lost their assets in the fall of FTX. Many must be waiting for the beginning of repayments. To everyone’s surprise, the new administration of this crypto exchange announced the opening of a complaints portal. As soon as revealed, the same portal has become inaccessible. Decryption!
Towards the reimbursement of FTX creditors?
The recent SEC attack on Coinbase and Binance has reignited the flame among FTX creditors. This regulatory problem would appear to them as an opportunity to Renaissance from the exchange crypto declared bankruptcy in November 2022. Confident, Loomdart and a few enthusiasts set up the coalition FTX 2.0.
While waiting for FTX to return to the limelight, the John Ray III team has announced the opening of the claims portal. Thanks to device, its creditors will have access to the state of their assets and to file related claims.
” The Customer Claims portal is online https://claims.ftx.com/welcome
Select the platform to continue:
http://FTX.com, http://FTX.us, Blockfolio, FTX EU, FTX JP, Liquid »
According to The Block, the crypto community relayed this information yesterday on social networks. From now on, investors who have been registered on FTX, FTX US, FTX EU, FTX Japan, Blockfolio and Liquid will be able to:
- obtain informations concerning their account and their FTT assets;
- And submit complaints.
This between in the context of the company’s restructuring procedure which will end on September 29.
Some conditions to take into account
First, it should be mentioned some important dates regarding FTX’s restructuring proceedings.
- Date of petition : June 30th
- General deadline for non-customers : June 30th
- Proof of interest expiry date : September 29
- Deadline for customers : September 29.
” The portal will allow customers to log in using their FTX credentials to view transaction history and account balances as of the FTX debtor filing date of November 11, 2022 (in the case of debtor West Real Shires Inc., filing date November 14, 2022). Clients who approve of the amount or quantity stated, the FTX exchange against which the client’s claim is claimed, and the type or nature of the client’s claim as stated, will not need to take any further action. apart from submission of KYC information (“KYC”) “, can we read on the site of Kroll Restructuring Administration.
And in case of disagreement, the client may “enforcing a claim arising out of another investment or trading activity ” by email.
The Stillborn FTX Claims Portal
That’s all well and good, except that the life of the FTX claims portal was shortened. So far, the developers of the exchange have not advanced the reasons for this suspension.
One thing is certain: many will see this maneuver as an attempt to manipulate the opinion of FTX creditors.
As a reminder, FTX, back in the days of Sam Bankman-Fried, was valued at $40 billion. Apparently, the 4 billion claimed by the new administration at Genesis represents only 10% of the loss.
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