FTXRefunds
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#FTXRefunds
FTX has initiated the repayment process for customers affected by its 2022 collapse, with funds being distributed through partners like Kraken and BitGo.
đ° Refund Process Overview
Effective Date: January 3, 2025
Priority Group: Customers with claims under $50,000, termed "Convenience Classes," are the first to receive payouts.
Repayment Amount: Approximately 119% of the original claim, including interest.
Payment Method: Funds are distributed via Kraken or BitGo, depending on user selection.
Timeline: Eligible users can expect payments within 60 days of claim approval.
đď¸ Steps to Claim Your Refund
1. Access the FTX Customer Portal: Visit claims.ftx.com to start the process.
2. Complete Required Forms: Submit Know Your Customer (KYC) information and any necessary tax documentation.
3. Select a Distribution Agent: Choose either Kraken or BitGo for fund distribution.
4. Verify Your Identity: Ensure your identity is verified with the chosen distribution partner.
5. Monitor for Phishing Attempts: Be cautious of fraudulent communications. Only use official channels for correspondence.
đ For Users in the EU
Backpack has acquired FTX EU and is now processing claims for European customers. Affected users should register on Backpack EU's platform, complete identity verifica$tion, and submit a recent bank statement. Reimbursements are made in e#uros, with crypto claims handled separately through FTX.
â ď¸ Important Reminders
Official Channels Only: Ensure all
$
FTX has initiated the repayment process for customers affected by its 2022 collapse, with funds being distributed through partners like Kraken and BitGo.
đ° Refund Process Overview
Effective Date: January 3, 2025
Priority Group: Customers with claims under $50,000, termed "Convenience Classes," are the first to receive payouts.
Repayment Amount: Approximately 119% of the original claim, including interest.
Payment Method: Funds are distributed via Kraken or BitGo, depending on user selection.
Timeline: Eligible users can expect payments within 60 days of claim approval.
đď¸ Steps to Claim Your Refund
1. Access the FTX Customer Portal: Visit claims.ftx.com to start the process.
2. Complete Required Forms: Submit Know Your Customer (KYC) information and any necessary tax documentation.
3. Select a Distribution Agent: Choose either Kraken or BitGo for fund distribution.
4. Verify Your Identity: Ensure your identity is verified with the chosen distribution partner.
5. Monitor for Phishing Attempts: Be cautious of fraudulent communications. Only use official channels for correspondence.
đ For Users in the EU
Backpack has acquired FTX EU and is now processing claims for European customers. Affected users should register on Backpack EU's platform, complete identity verifica$tion, and submit a recent bank statement. Reimbursements are made in e#uros, with crypto claims handled separately through FTX.
â ď¸ Important Reminders
Official Channels Only: Ensure all
$
#FTXRefunds FTX customers are set to receive refunds beginning in early 2025, following the approval of the exchange's bankruptcy reorganization plan. The plan, effective January 3, 2025, prioritizes customers with claims of $50,000 or lessâapproximately 98% of FTX usersâwho will receive about 118% of their claim's value within 60 days.
The refunds are based on the USD value of assets at the time of FTX's collapse in November 2022, meaning customers won't benefit from subsequent crypto market gains. FTX has recovered between $14.7 billion and $16.5 billion to fund these repayments, sourced from asset sales and settlements.
While the refund process marks a significant recovery effort, some customers express dissatisfaction due to the exclusion of crypto price appreciations in the repayment calculations
The refunds are based on the USD value of assets at the time of FTX's collapse in November 2022, meaning customers won't benefit from subsequent crypto market gains. FTX has recovered between $14.7 billion and $16.5 billion to fund these repayments, sourced from asset sales and settlements.
While the refund process marks a significant recovery effort, some customers express dissatisfaction due to the exclusion of crypto price appreciations in the repayment calculations
#FTXRefunds ---
𧞠FTX Begins Customer Repayments â A New Chapter in Resolution
After one of the most high-profile collapses in crypto history, FTX has officially initiated its customer repayment process, bringing long-awaited relief to users affected by the 2022 downfall. Repayments are being distributed via trusted partners Kraken and BitGo.
---
đź Repayment Highlights
đ Launch Date:
January 3, 2025
đŻ Priority Group:
Customers with claims under $50,000, classified as the âConvenience Classâ, will receive priority treatment.
đ° Repayment Amount:
Approximately 119% of the original claim â including applicable interest. Yes, you read that right: more than the original value.
đŚ Distribution Partners:
Users may choose to receive funds via Kraken or BitGo.
âł Expected Timeline:
Eligible users can expect payment within 60 days of claim approval.
---
â How to Claim Your Refund
1. Visit the FTX Claims Portal
⤠claims.ftx.com
2. Complete Verification
⤠Submit required KYC (Know Your Customer) documents and tax forms.
3. Choose a Distribution Partner
⤠Select either Kraken or BitGo to receive your payout.
4. Verify Your Identity with the Partner
⤠Ensure youâre verified with the platform youâve selected.
5. Stay Alert
⤠Be extremely cautious of phishing attempts. Only use official FTX or partner channels.
---
đ Special Instructions for EU Customers
FTX EU has been acquired by Backpack, which is now managing European customer claims.
To claim your funds in the EU:
Register on the Backpack EU platform
Complete identity verification
Submit a recent bank statement
Fiat reimbursements will be made in euros
Crypto-related claims continue to be processed through the main FTX system
---
â ď¸ Final Reminders
Do not respond to unofficial emails or messages.
Always double-check URLs and sender identities.
Use only the FTX portal or verified Kraken, BitGo, or Backpack platforms.
---
đŹ A Sign of Closure
This repayment marks a significant moment for thousands of users.
𧞠FTX Begins Customer Repayments â A New Chapter in Resolution
After one of the most high-profile collapses in crypto history, FTX has officially initiated its customer repayment process, bringing long-awaited relief to users affected by the 2022 downfall. Repayments are being distributed via trusted partners Kraken and BitGo.
---
đź Repayment Highlights
đ Launch Date:
January 3, 2025
đŻ Priority Group:
Customers with claims under $50,000, classified as the âConvenience Classâ, will receive priority treatment.
đ° Repayment Amount:
Approximately 119% of the original claim â including applicable interest. Yes, you read that right: more than the original value.
đŚ Distribution Partners:
Users may choose to receive funds via Kraken or BitGo.
âł Expected Timeline:
Eligible users can expect payment within 60 days of claim approval.
---
â How to Claim Your Refund
1. Visit the FTX Claims Portal
⤠claims.ftx.com
2. Complete Verification
⤠Submit required KYC (Know Your Customer) documents and tax forms.
3. Choose a Distribution Partner
⤠Select either Kraken or BitGo to receive your payout.
4. Verify Your Identity with the Partner
⤠Ensure youâre verified with the platform youâve selected.
5. Stay Alert
⤠Be extremely cautious of phishing attempts. Only use official FTX or partner channels.
---
đ Special Instructions for EU Customers
FTX EU has been acquired by Backpack, which is now managing European customer claims.
To claim your funds in the EU:
Register on the Backpack EU platform
Complete identity verification
Submit a recent bank statement
Fiat reimbursements will be made in euros
Crypto-related claims continue to be processed through the main FTX system
---
â ď¸ Final Reminders
Do not respond to unofficial emails or messages.
Always double-check URLs and sender identities.
Use only the FTX portal or verified Kraken, BitGo, or Backpack platforms.
---
đŹ A Sign of Closure
This repayment marks a significant moment for thousands of users.
#FTXRefunds
FTX is in the process of refunding users affected by its previous collapse, aiming to restore trust in the platform. $BTC
FTX is in the process of refunding users affected by its previous collapse, aiming to restore trust in the platform. $BTC
#FTXRefunds FTX is (finally) paying back. But what does it mean for the market? đ¸
After years of chaos, the FTX refund process has begun â and users are seeing real US dollars, not tokens.
đ¨ But hereâs the twist:
Some expect a surge in buying pressure as refunded users re-enter the market. Others fear it might trigger sell-offs from burned investors.
What would you do if you just got your funds back?
đŹ Reinvest? Hodl? Cash out?
đ Drop your thoughts below. Letâs see where the sentiment really stands.
After years of chaos, the FTX refund process has begun â and users are seeing real US dollars, not tokens.
đ¨ But hereâs the twist:
Some expect a surge in buying pressure as refunded users re-enter the market. Others fear it might trigger sell-offs from burned investors.
What would you do if you just got your funds back?
đŹ Reinvest? Hodl? Cash out?
đ Drop your thoughts below. Letâs see where the sentiment really stands.
#FTXRefunds
FTX has initiated its long-awaited refund process, marking a significant step in compensating customers and creditors affected by its 2022 collapse.
---
đ¸ Refund Timeline & Distribution Phases
February 18, 2025: The initial distribution targeted "convenience class" creditorsâthose with claims under $50,000âdisbursing approximately $800 million to over 162,000 accounts.
May 30, 2025: Phase 2 commenced, distributing over $5 billion to eligible creditors through platforms like Kraken and BitGo. Eligible creditors should expect to receive funds from their selected distribution service provider within 1 to 3 business days from May 30, 2025.
Q4 2025: A final distribution phase is anticipated, aiming to fully reimburse customers, including interest, based on the USD value of their holdings at the time of FTX's bankruptcy in November 2022.
---
𧞠Claim Requirements
To qualify for distributions, creditors must:
Complete Know Your Customer (KYC) verification.
Submit valid tax documentation.
Select and onboard with a distribution service provider.
Pass sanctions screening.
These steps had to be completed by the record date of April 11, 2025, to be included in the May 30 distribution.
---
đ International Refunds
In Europe, Backpack, which acquired FTX EU, has begun reimbursing affected clients. Approximately 100,000 European customers are expected to receive over âŹ50 million. To access these refunds, users must register with Backpack EU, verify their identity, and submit a recent bank certificate.
---
â ď¸ Important Considerations
Refunds are calculated based on the USD value of assets as of November 2022, not current market prices. This means customers will not benefit from any subsequent appreciation in cryptocurrency values.
FTX has recovered between $14.5 billion and $16.5 billion to facilitate these repayments. While most customers are expected to be fully reimbursed, the process is ongoing, and patience is advised.
FTX has initiated its long-awaited refund process, marking a significant step in compensating customers and creditors affected by its 2022 collapse.
---
đ¸ Refund Timeline & Distribution Phases
February 18, 2025: The initial distribution targeted "convenience class" creditorsâthose with claims under $50,000âdisbursing approximately $800 million to over 162,000 accounts.
May 30, 2025: Phase 2 commenced, distributing over $5 billion to eligible creditors through platforms like Kraken and BitGo. Eligible creditors should expect to receive funds from their selected distribution service provider within 1 to 3 business days from May 30, 2025.
Q4 2025: A final distribution phase is anticipated, aiming to fully reimburse customers, including interest, based on the USD value of their holdings at the time of FTX's bankruptcy in November 2022.
---
𧞠Claim Requirements
To qualify for distributions, creditors must:
Complete Know Your Customer (KYC) verification.
Submit valid tax documentation.
Select and onboard with a distribution service provider.
Pass sanctions screening.
These steps had to be completed by the record date of April 11, 2025, to be included in the May 30 distribution.
---
đ International Refunds
In Europe, Backpack, which acquired FTX EU, has begun reimbursing affected clients. Approximately 100,000 European customers are expected to receive over âŹ50 million. To access these refunds, users must register with Backpack EU, verify their identity, and submit a recent bank certificate.
---
â ď¸ Important Considerations
Refunds are calculated based on the USD value of assets as of November 2022, not current market prices. This means customers will not benefit from any subsequent appreciation in cryptocurrency values.
FTX has recovered between $14.5 billion and $16.5 billion to facilitate these repayments. While most customers are expected to be fully reimbursed, the process is ongoing, and patience is advised.
#FTXRefunds
đ¨ FTX Refunds Update: What You Need to Know đ¨
The long-awaited FTX refunds are now being distributed, marking a crucial step in the exchangeâs recovery process. With $5 billion set aside for creditor claims, here's what eligible customers can expect.
đš Refund Structure:
Dotcom Customer Entitlement â 72% payout
U.S. Customer Entitlement â 54% payout
Unsecured & Digital Asset Loans â 61% payout
Convenience Claims â 120% payout
đš Payout Method & Timing:
Refunds are facilitated through Kraken and BitGo, ensuring secure transactions.
Funds should arrive within 1â3 business days for verified claimants.
Stablecoin payouts (USDT, USDC) minimize banking delays, offering faster access to funds.
đš Important Considerations:
Valuations are based on November 2022 prices, meaning refunded assets may be worth less than their present market value.
The FTT token has been officially deemed worthless, despite a brief speculative price spike.
Customers are urged to beware of phishing scamsâverify sources before submitting any personal details.
This refund process signals progress in FTXâs restructuring efforts, but debates continue on valuation methods and payout fairness.
đ¨ FTX Refunds Update: What You Need to Know đ¨
The long-awaited FTX refunds are now being distributed, marking a crucial step in the exchangeâs recovery process. With $5 billion set aside for creditor claims, here's what eligible customers can expect.
đš Refund Structure:
Dotcom Customer Entitlement â 72% payout
U.S. Customer Entitlement â 54% payout
Unsecured & Digital Asset Loans â 61% payout
Convenience Claims â 120% payout
đš Payout Method & Timing:
Refunds are facilitated through Kraken and BitGo, ensuring secure transactions.
Funds should arrive within 1â3 business days for verified claimants.
Stablecoin payouts (USDT, USDC) minimize banking delays, offering faster access to funds.
đš Important Considerations:
Valuations are based on November 2022 prices, meaning refunded assets may be worth less than their present market value.
The FTT token has been officially deemed worthless, despite a brief speculative price spike.
Customers are urged to beware of phishing scamsâverify sources before submitting any personal details.
This refund process signals progress in FTXâs restructuring efforts, but debates continue on valuation methods and payout fairness.
đ¨ #FTXRefunds Update Payments Start ROLLING!
FTX announces **first wave of customer repayments** â 92% of claims to be settled by Q3! đ¸đ
*"The phoenix rises from the ashes."*
**Key Details:**
â $8.6B total being distributed
â Crypto payments at 2022 prices + 9% interest
â First checks already hitting accounts
**Market Reaction:**
đ BTC briefly dipped on sell pressure fears
đ But analysts say liquidity surge could fuel NEXT rally
**Verdict:**
Bullish long-term đ â billions re-entering crypto!
#CryptoComeback #FTX2.0
**đ Holding or selling? Comment below!**
*(P.S. Sam Bankman-Fried sentencing delayed again đ)*
FTX announces **first wave of customer repayments** â 92% of claims to be settled by Q3! đ¸đ
*"The phoenix rises from the ashes."*
**Key Details:**
â $8.6B total being distributed
â Crypto payments at 2022 prices + 9% interest
â First checks already hitting accounts
**Market Reaction:**
đ BTC briefly dipped on sell pressure fears
đ But analysts say liquidity surge could fuel NEXT rally
**Verdict:**
Bullish long-term đ â billions re-entering crypto!
#CryptoComeback #FTX2.0
**đ Holding or selling? Comment below!**
*(P.S. Sam Bankman-Fried sentencing delayed again đ)*
#FTXRefunds
FTXâs collapse in 2022 shook the crypto world, but recent news offers hope. The bankrupt exchange plans to repay most customers, with some receiving up to 119% of their claims, thanks to recovered assets like $BTC and $ETH. Court-approved plans prioritize creditors, though timelines vary. While this marks progress, it doesnât erase the pain of the crash. Investors should stay cautious, diversifying across platforms like Binance to avoid similar risks. Monitor updates on FTXâs repayment process to understand whatâs next for affected users. Recovery is possible, but vigilance is key! đ¸
#FTXRefunds
FTXâs collapse in 2022 shook the crypto world, but recent news offers hope. The bankrupt exchange plans to repay most customers, with some receiving up to 119% of their claims, thanks to recovered assets like $BTC and $ETH. Court-approved plans prioritize creditors, though timelines vary. While this marks progress, it doesnât erase the pain of the crash. Investors should stay cautious, diversifying across platforms like Binance to avoid similar risks. Monitor updates on FTXâs repayment process to understand whatâs next for affected users. Recovery is possible, but vigilance is key! đ¸
#FTXRefunds
#FTXRefunds â Wapas Milay Ga Paisa? đą
Aakhirkaar, FTX ke collapse ke baad ek ray of hope nazar aayi hai!
Platform ke users ke liye refunds ki baat officially confirm ho gayi hai. â
đ Kya ho raha hai?
FTX ke bankruptcy case mein court ne approve kiya hai ke investors ko unka paisa wapas diya jaye â aur woh bhi original value ke mutabiq, not current crypto prices.
Yani agar aap ne $1000 Bitcoin invest kiya tha, aapko $1000 milay ga â lekin BTC ke badhnay ya ghatnay ka asar nahi hoga.
đ¤ Users khush bhi hain, lekin... kuch log keh rahe hain ke agar unhe crypto mein refund milta to unka return zyada hota!
Aap kya soch'te hain?
Cash refund better hai ya crypto mein milta to behtar hota?
đ Neeche apni raaye dein!
#CryptoNews #FTX #CryptoScam #FTXRefunds #FTXRefunds t #BinanceSquare #Bitcoin #Ethereum#FTXRefunds
Aakhirkaar, FTX ke collapse ke baad ek ray of hope nazar aayi hai!
Platform ke users ke liye refunds ki baat officially confirm ho gayi hai. â
đ Kya ho raha hai?
FTX ke bankruptcy case mein court ne approve kiya hai ke investors ko unka paisa wapas diya jaye â aur woh bhi original value ke mutabiq, not current crypto prices.
Yani agar aap ne $1000 Bitcoin invest kiya tha, aapko $1000 milay ga â lekin BTC ke badhnay ya ghatnay ka asar nahi hoga.
đ¤ Users khush bhi hain, lekin... kuch log keh rahe hain ke agar unhe crypto mein refund milta to unka return zyada hota!
Aap kya soch'te hain?
Cash refund better hai ya crypto mein milta to behtar hota?
đ Neeche apni raaye dein!
#CryptoNews #FTX #CryptoScam #FTXRefunds #FTXRefunds t #BinanceSquare #Bitcoin #Ethereum#FTXRefunds
#FTXRefunds
The crypto world just got a little brighter đ for former FTX users! Binance has officially stepped in to facilitate refunds for FTX customers through a smooth and secure process đĄď¸.
đ¸ Whatâs Happening?
After months of uncertainty, former users of the now-defunct FTX exchange can finally start seeing hope for recovery. Binance, the worldâs leading crypto exchange đ, is launching a refund mechanism aimed at helping affected users claim their lost assets. â
The crypto world just got a little brighter đ for former FTX users! Binance has officially stepped in to facilitate refunds for FTX customers through a smooth and secure process đĄď¸.
đ¸ Whatâs Happening?
After months of uncertainty, former users of the now-defunct FTX exchange can finally start seeing hope for recovery. Binance, the worldâs leading crypto exchange đ, is launching a refund mechanism aimed at helping affected users claim their lost assets. â
jan1245:
hi
#FTXRefunds
The failed crypto exchange FTX has initiated the second round of refunds to creditors, distributing over $5 billion to individuals and entities with approved claims. This follows the company's initial payment of $1.9 billion and marks an important step in the crypto exchange's bankruptcy processes.
The failed crypto exchange FTX has initiated the second round of refunds to creditors, distributing over $5 billion to individuals and entities with approved claims. This follows the company's initial payment of $1.9 billion and marks an important step in the crypto exchange's bankruptcy processes.
đ˘ Post 1:
đ¸ #FTXRefunds â Hope Restored!
FTX ke collapse ke baad, hazaron investors ne apna sab kuch kho diya. Ab refund process shuru ho chuka hai!
Agar aap bhi un mein se hain jinhon ne FTX par invest kiya tha, to apne claim ka status check karna zaroori hai. â
đ Binance users, be vigilant â transparency matters more than ever.
đStay informed. Stay safe.
#CryptoNews #Binance #FTXrefunds #Web3 #CryptoRecovery
đ˘ Post 2:
đ Lost Funds? Maybe Not for Long!
#FTXRefunds campaign is active and recovery is real.
𧞠FTX creditors ke liye achi khabar â refund claims accept kiye ja rahe hain.
Lekin scam se hamesha hoshiyar rahein! Koi bhi "fast refund" ya "fee" mangne wale se bacha jaaye.
đ Binance par apne funds ko secure rakhna sabse pehla step hai!
đŹ Comment karein agar aap FTX se affected hue the.
#Binance #FTXrefunds #CryptoSafety #BlockchainNews #ScamAlert
đ¸ #FTXRefunds â Hope Restored!
FTX ke collapse ke baad, hazaron investors ne apna sab kuch kho diya. Ab refund process shuru ho chuka hai!
Agar aap bhi un mein se hain jinhon ne FTX par invest kiya tha, to apne claim ka status check karna zaroori hai. â
đ Binance users, be vigilant â transparency matters more than ever.
đStay informed. Stay safe.
#CryptoNews #Binance #FTXrefunds #Web3 #CryptoRecovery
đ˘ Post 2:
đ Lost Funds? Maybe Not for Long!
#FTXRefunds campaign is active and recovery is real.
𧞠FTX creditors ke liye achi khabar â refund claims accept kiye ja rahe hain.
Lekin scam se hamesha hoshiyar rahein! Koi bhi "fast refund" ya "fee" mangne wale se bacha jaaye.
đ Binance par apne funds ko secure rakhna sabse pehla step hai!
đŹ Comment karein agar aap FTX se affected hue the.
#Binance #FTXrefunds #CryptoSafety #BlockchainNews #ScamAlert
Jeanine Limb dljy:
ok
#FTXRefunds Are Rolling Out
After months of uncertainty, affected users are beginning to see movement on refunds from the FTX collapse.
This marks a major moment in crypto history â a reminder of the importance of transparency and custody.
After months of uncertainty, affected users are beginning to see movement on refunds from the FTX collapse.
This marks a major moment in crypto history â a reminder of the importance of transparency and custody.
#FTXRefunds Here's an update on the FTX refund process as of today, June 3, 2025:
Current Status and Recent Developments:
* Second Round of Payouts Initiated: FTX has commenced a second round of payouts to eligible creditors. This distribution, amounting to over$BTC $5 billion, began on May 30, 2025.
* Targeted Creditor Classes: This round targets eligible creditors in both the Convenience Class (typically smaller claims) and Non-Convenience Classes, who have completed all pre-distribution requirements.
* Distribution Partners: Funds are being disbursed through the official distribution service providers, Kraken and BitGo. Eligible recipients should expect to receive their funds within 1 to 3 business days from May 30th, meaning many may have already received them or are in the process of receiving them today.
* Recovery Rates: The distribution includes varying recovery rates based on claim type:
* Dotcom Customer Entitlement Claims: Receiving a 72% distribution.
* US Customer Entitlement Claims: Receiving a 54% distribution.
* Convenience Claims: Receiving a 120% distribution (including post-petition interest).
* General Unsecured Claims and Digital Asset Loan Claims: Each receiving a 61% distribution.
* KYC Deadline Impact: A significant deadline for Know Your Customer (KYC) verification was June 1, 2025. Nearly 400,000 FTX users were at risk of losing a combined $2.5 billion in repayments if they failed to complete this mandatory verification process by this extended deadline. Claims that did not commence the KYC submission process by this date are subject to disallowance and expungement.
* Total Recovered Assets: The FTX estate has successfully recovered a substantial amount, estimated between $14.7 billion and $16.5 billion, with approximately $11.4 billion in cash available for repayments.
* Valuation Date Remains November 2022: It's crucial to remember that all compensation amounts are based on the value of holdings as of November 2022, when FTX filed for bankruptcy. $BTC
Current Status and Recent Developments:
* Second Round of Payouts Initiated: FTX has commenced a second round of payouts to eligible creditors. This distribution, amounting to over$BTC $5 billion, began on May 30, 2025.
* Targeted Creditor Classes: This round targets eligible creditors in both the Convenience Class (typically smaller claims) and Non-Convenience Classes, who have completed all pre-distribution requirements.
* Distribution Partners: Funds are being disbursed through the official distribution service providers, Kraken and BitGo. Eligible recipients should expect to receive their funds within 1 to 3 business days from May 30th, meaning many may have already received them or are in the process of receiving them today.
* Recovery Rates: The distribution includes varying recovery rates based on claim type:
* Dotcom Customer Entitlement Claims: Receiving a 72% distribution.
* US Customer Entitlement Claims: Receiving a 54% distribution.
* Convenience Claims: Receiving a 120% distribution (including post-petition interest).
* General Unsecured Claims and Digital Asset Loan Claims: Each receiving a 61% distribution.
* KYC Deadline Impact: A significant deadline for Know Your Customer (KYC) verification was June 1, 2025. Nearly 400,000 FTX users were at risk of losing a combined $2.5 billion in repayments if they failed to complete this mandatory verification process by this extended deadline. Claims that did not commence the KYC submission process by this date are subject to disallowance and expungement.
* Total Recovered Assets: The FTX estate has successfully recovered a substantial amount, estimated between $14.7 billion and $16.5 billion, with approximately $11.4 billion in cash available for repayments.
* Valuation Date Remains November 2022: It's crucial to remember that all compensation amounts are based on the value of holdings as of November 2022, when FTX filed for bankruptcy. $BTC
#FTXRefunds The FTX refund process is well underway, with significant developments in 2025. Here's a breakdown of what's happening:
Key Developments & Timeline:
* Emergence from Bankruptcy: FTX Trading emerged from Chapter 11 bankruptcy on January 3, 2025, a major milestone in the process.
* First Payouts (Convenience Class): The first round of payments began around February 18, 2025, prioritizing "Convenience Class" creditors (those with claims under $50,000). These creditors were expected to receive approximately 119% of their claimed amount. This initial payout totaled around $1.2 billion.
* Second Round of Payouts: A second round of payments, totaling $5 billion, was initiated on May 30, 2025, for eligible creditors in both Convenience and Non-Convenience Classes who completed pre-distribution requirements. This includes Dotcom Customer Entitlement Claims (72% distribution), US Customer Entitlement Claims (54% distribution), Convenience Claims (120% distribution), General Unsecured Claims (61% distribution), and Digital Asset Loan Claims (61% distribution).
* Distribution Partners: Crypto firms Kraken and BitGo are assisting with the bankruptcy distributions.
How to Claim Your Refund (if you haven't already):
The primary avenue for customers to claim their funds is through the FTX Customer Claims Portal (claims.ftx.com). Here's a general guide:
* Login: Use the same username and password you used for your FTX account.
* Email Verification: Verify your email address, which is required for each login.
* KYC (Know Your Customer) Verification:
Key Developments & Timeline:
* Emergence from Bankruptcy: FTX Trading emerged from Chapter 11 bankruptcy on January 3, 2025, a major milestone in the process.
* First Payouts (Convenience Class): The first round of payments began around February 18, 2025, prioritizing "Convenience Class" creditors (those with claims under $50,000). These creditors were expected to receive approximately 119% of their claimed amount. This initial payout totaled around $1.2 billion.
* Second Round of Payouts: A second round of payments, totaling $5 billion, was initiated on May 30, 2025, for eligible creditors in both Convenience and Non-Convenience Classes who completed pre-distribution requirements. This includes Dotcom Customer Entitlement Claims (72% distribution), US Customer Entitlement Claims (54% distribution), Convenience Claims (120% distribution), General Unsecured Claims (61% distribution), and Digital Asset Loan Claims (61% distribution).
* Distribution Partners: Crypto firms Kraken and BitGo are assisting with the bankruptcy distributions.
How to Claim Your Refund (if you haven't already):
The primary avenue for customers to claim their funds is through the FTX Customer Claims Portal (claims.ftx.com). Here's a general guide:
* Login: Use the same username and password you used for your FTX account.
* Email Verification: Verify your email address, which is required for each login.
* KYC (Know Your Customer) Verification:
#FTXRefunds
đ˘đ¸ FTX Refunds Are Rolling Out! đ¸đ˘
đ #FTXRefunds | đ #CryptoRecovery | â #SquareBinance
đĽ Big news for affected FTX users!
đź Bankruptcy team confirms: Eligible customers will receive up to 118% of their claims in USD value! đ°
đ June 2025 Update:
â Payouts starting this quarter
đ Funded through asset recovery + investments
đ Confidence returning to the crypto space!
𧞠Claimed through official FTX portal only!
đ Avoid scammers & fake refund offers!
đ˘ Stay safe. Stay informed.
đ˛ Follow @SquareBinance for updates!
#CryptoNews #FTX #FTXUpdates #CryptoRecovery #CryptoCommunity #Binance #CryptoAlert
đ˘đ¸ FTX Refunds Are Rolling Out! đ¸đ˘
đ #FTXRefunds | đ #CryptoRecovery | â #SquareBinance
đĽ Big news for affected FTX users!
đź Bankruptcy team confirms: Eligible customers will receive up to 118% of their claims in USD value! đ°
đ June 2025 Update:
â Payouts starting this quarter
đ Funded through asset recovery + investments
đ Confidence returning to the crypto space!
𧞠Claimed through official FTX portal only!
đ Avoid scammers & fake refund offers!
đ˘ Stay safe. Stay informed.
đ˛ Follow @SquareBinance for updates!
#CryptoNews #FTX #FTXUpdates #CryptoRecovery #CryptoCommunity #Binance #CryptoAlert
#FTXRefunds
---
đ˘đ¸ FTX Refunds Are Here â Donât Miss Your Chance to Claim BIG! đ¸đ˘
đ #FTXRefunds | đ #CryptoRecovery | â #SquareBinance
Crypto community ke liye GAME CHANGER ALERT!
FTX bankruptcy team ne confirm kiya hai ki eligible users ko milega up to 118% of their original claims â YES, more than 100%! đ°đĽ
---
đĽ What You Need to Know:
â Payouts officially start this quarter â ab wait nahi, ab action time hai!
â Funded by recovered assets + smart investments, which means strong backing & reliability
â Market mein confidence wapas aa raha hai â FTX saga ka naya chapter shuru! đ
---
â ď¸ Important Warnings:
đŤ Scammers ka zamana ab bhi hai â sirf official FTX portal se hi claim karein!
đĄď¸ Safety pe compromise mat karein â apne assets aur info ko bachayein!
---
đ˘ Stay Ahead, Stay Secure
đ˛ Follow @SquareBinance for real-time updates, tips, aur scam alerts!
This is your moment to reclaim whatâs yours â donât let it slip! âł
#CryptoNews #FTXRefunds #CryptoRecovery #Binance #CryptoCommunity #SecureYourFunds
---
---
đ˘đ¸ FTX Refunds Are Here â Donât Miss Your Chance to Claim BIG! đ¸đ˘
đ #FTXRefunds | đ #CryptoRecovery | â #SquareBinance
Crypto community ke liye GAME CHANGER ALERT!
FTX bankruptcy team ne confirm kiya hai ki eligible users ko milega up to 118% of their original claims â YES, more than 100%! đ°đĽ
---
đĽ What You Need to Know:
â Payouts officially start this quarter â ab wait nahi, ab action time hai!
â Funded by recovered assets + smart investments, which means strong backing & reliability
â Market mein confidence wapas aa raha hai â FTX saga ka naya chapter shuru! đ
---
â ď¸ Important Warnings:
đŤ Scammers ka zamana ab bhi hai â sirf official FTX portal se hi claim karein!
đĄď¸ Safety pe compromise mat karein â apne assets aur info ko bachayein!
---
đ˘ Stay Ahead, Stay Secure
đ˛ Follow @SquareBinance for real-time updates, tips, aur scam alerts!
This is your moment to reclaim whatâs yours â donât let it slip! âł
#CryptoNews #FTXRefunds #CryptoRecovery #Binance #CryptoCommunity #SecureYourFunds
---
BNBUSDC
Long
Closed
PNL (USDT)
+0.02
Abbasi Queen ji:
follow me plz
#FTXRefunds
đ¸ #FTXRefunds Update đ¸
FTX users are finally seeing the light at the end of the tunnel!
âď¸ After months of legal twists and recovery efforts, eligible creditors are starting to receive partial refunds in fiat â not crypto â sparking mixed reactions across the space.
đĽ Some say itâs justice served.
đ¤ Others feel it's a missed opportunity for recovery in kind (especially with current crypto prices).
đ Meanwhile, the lessons from the FTX collapse still echo:
đĄď¸ Not your keys, not your coins.
đ Due diligence > FOMO.
Were you affected or following this saga? Drop your thoughtsđ
#CryptoNews #FTXCollapse #CryptoSafety #CryptoRegulation #CEXvsDEX101 #TrustButVerify #CryptoRecovery #FTXUsers #BinanceAlphaAlert
đ¸ #FTXRefunds Update đ¸
FTX users are finally seeing the light at the end of the tunnel!
âď¸ After months of legal twists and recovery efforts, eligible creditors are starting to receive partial refunds in fiat â not crypto â sparking mixed reactions across the space.
đĽ Some say itâs justice served.
đ¤ Others feel it's a missed opportunity for recovery in kind (especially with current crypto prices).
đ Meanwhile, the lessons from the FTX collapse still echo:
đĄď¸ Not your keys, not your coins.
đ Due diligence > FOMO.
Were you affected or following this saga? Drop your thoughtsđ
#CryptoNews #FTXCollapse #CryptoSafety #CryptoRegulation #CEXvsDEX101 #TrustButVerify #CryptoRecovery #FTXUsers #BinanceAlphaAlert
Kraken Just Started Paying Out $FTX Creditors
Itâs finally happeningâKraken has officially kicked off distributions to FTX creditors.
This comes after a painfully long wait since FTXâs collapse in late 2022. Now, affected users are starting to see some of their funds return, at least if theyâre going through Kraken.
Kraken is one of the designated platforms helping with the FTX bankruptcy process, and according to recent updates, theyâve begun issuing the first wave of payouts. Itâs a sign that the whole FTX mess is finally moving forward.
No word yet on how much people are actually getting back, or how long the full process will take. But for those whoâve been stuck in limbo for over a year, this is a step in the right direction.
More exchanges involved in the distribution are expected to follow soon. Stay tuned.
#FTXRefunds $FTT
$BTC $ETH
Itâs finally happeningâKraken has officially kicked off distributions to FTX creditors.
This comes after a painfully long wait since FTXâs collapse in late 2022. Now, affected users are starting to see some of their funds return, at least if theyâre going through Kraken.
Kraken is one of the designated platforms helping with the FTX bankruptcy process, and according to recent updates, theyâve begun issuing the first wave of payouts. Itâs a sign that the whole FTX mess is finally moving forward.
No word yet on how much people are actually getting back, or how long the full process will take. But for those whoâve been stuck in limbo for over a year, this is a step in the right direction.
More exchanges involved in the distribution are expected to follow soon. Stay tuned.
#FTXRefunds $FTT
$BTC $ETH
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