#FTXRefunds
✍️ What is FTX?
FTX was one of the largest cryptocurrency trading platforms in the world.
It was founded by Sam Bankman-Fried.
It declared bankruptcy in November 2022 after discovering massive financial misappropriations that caused significant losses for investors.
- What happened to the investors?
- Millions of users lost their money after the platform's collapse.
- Sam Bankman-Fried faced allegations of fraud and financial mismanagement.
✍️ What are FTX Refunds?
It is the process of refunding money to investors and those affected by the platform's collapse.
The process is managed by a legal and administrative team under the oversight of the U.S. Bankruptcy Court.
- Recent updates (2025):
- FTX announced that most users may recover their full funds (or more).
- Payments are expected to begin in the last quarter of 2025.
- Payments will be made in U.S. dollars, not cryptocurrencies.
- Important notes:
- Amounts will be estimated based on cryptocurrency prices at the time of bankruptcy (not their current values).
- Some users may receive more than 100% of their claims due to surplus recovered assets.
- What should users do?
- Ensure their information is updated on the official FTX claims portal.
- Regularly check their email and claim file.
