C3
How Creditors Can Claim Funds
To access the $5 billion payout, creditors must log into the FTX claims portal, complete KYC and tax requirements, and select a distribution provider like BitGo or Kraken. The process ensures secure and verified disbursements, with funds expected to reach accounts within days. The payout covers claims both below and above $50,000, with recovery rates ranging from 54% to 120% based on claim type. Creditors are advised to beware of phishing scams posing as FTX communications, emphasizing the need for vigilance during this high-stakes distribution.