🚨 #FTXRefunds: Repayments Underway! 🚨
FTX has initiated customer repayments following its bankruptcy proceedings.
Key Details:
Start Date: February 18, 2025
Priority Group: Customers with claims under $50,000, termed the "Convenience Class," are receiving repayments first.
Repayment Amount: Eligible customers are receiving approximately 118% of their claim value, accounting for interest accrued since November 2022.
Distribution Platforms: Kraken and BitGo are facilitating the fund distributions.
Next Steps:
Upcoming Distribution: A second round of payments is scheduled for May 30, 2025, targeting larger claims and previously unresolved cases.
Action Required: Customers must complete Know Your Customer (KYC) verification, submit necessary tax documents, and select their preferred payout platform via the official FTX Claims Portal.
Important Note: Repayments are based on the USD value of assets at the time of FTX's bankruptcy filing in November 2022. This means customers will not benefit from any subsequent appreciation in cryptocurrency values.
Stay vigilant against potential scams. FTX will never request payment details via email. Always use the official FTX Claims Portal for any actions related to your claim.
For more information and to check your claim status, visit the FTX Claims Portal.
