#FTXRefunds

FTX refunds are underway, with affected customers able to claim their refunds within 60 days of the initial distribution date, which started on January 3, 2025. Here's what you need to know¹:

- *Refund Process*: To receive a refund, customers need to:

- *Submit KYC*: Complete the Know Your Customer verification process.

- *Submit Tax Forms*: Provide required tax forms.

- *Onboard with Distribution Agents*: Partner with BitGo or Kraken, the appointed distribution agents.

- *Refund Amount*: Creditors can recover up to *118% of their declared debts*, a significant gesture considering the usual bankruptcy scenarios in the crypto industry.

- *Distribution Partners*: Kraken and BitGo were chosen for their expertise in managing cryptocurrencies and secure custody. Kraken has experience with similar procedures, having managed the Mt. Gox case.

- *Important Dates*:

- *January 3, 2025*: Initial distribution record date for holders of allowed claims in the Plan's Convenience Classes.

- *60 days from January 3, 2025*: Deadline for customers to claim refunds.