400,000 FTX Investors Face Risk of Losing $2.5 Billion Due to KYC Failure

The collapse of cryptocurrency exchange FTX continues to impact thousands of investors. Nearly 400,000 individuals who did not complete the Know Your Customer (KYC) verification process before March 3, 2025, at 4 PM Eastern Time, risk having their claims for reimbursement completely dismissed. The reason? Failure to comply with this mandatory requirement, which is crucial for financial security in the crypto industry. These potential losses amount to over $2.5 billion and could impact a large portion of FTX’s creditors who are now facing uncertainty regarding their compensation.