Interestingly, the exchange could still deny more claims. FTX Creditor champion Sunil Kavuri noted that FTX plans to expunge claims that fail to complete the KYC process by June 1, 2025, the deadline.

Nearly 400,000 creditors of the bankrupt cryptocurrency exchange FTX risk missing out on $2.5 billion in repayments after failing to begin the mandatory Know Your Customer (KYC) verification process.

Some users have reported technical issues during the KYC process. On April 5, Sunil, a member of the FTX Customer Ad-Hoc Committee, posted instructions on how affected users can reapply.

Nearly 400,000 FTX users risk losing $2.5 billion in crypto repayments unless they complete KYC verification before the extended June 1 deadline. The meltdown of the JELLY token on Hyperliquid is ...

Backpack, which purchased FTX EU for $32.7 million in January, directed customers to complete the first step of know-your-customer (KYC) verification in a post on X on Tuesday. Step two of the ...

BlockFi filed for bankruptcy in November of 2022 as contagion from the collapse of FTX spread through the crypto ... U.S. and non-U.S. customers had to do KYC in order to use BlockFi in the ...

(Bloomberg) -- Former cryptocurrency firm FTX will start paying its main creditors at the end of May using a cash hoard of $11.4 billion the company has collected since its shut down. Although ...