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 […]
FTX Excluding $2.5 Billion in Customer Claims Amid Ongoing Repayment Process
FTX’s bankruptcy estate has announced it will not process claims from customers who did not complete their Know-Your-Customer (KYC) verification by the March 3 deadline. The decision affects […]
Justin Sun Accuses First Digital Trust of Misappropriating $500 Million, Outweighing FTX Scandal
Tron founder Justin Sun has accused First Digital Trust (FDT) of misappropriation, alleging that the company diverted nearly $500 million in funds in Hong Kong. This accusation carries […]
FTX KYC Deadline Extended: Over 400,000 Users Face Potential Loss of $2.5 Billion
More than 400,000 creditors of the bankrupt crypto exchange FTX are at risk of losing a combined $2.5 billion in repayments if they don’t complete KYC verification by […]
FTX User KYC Deadline Looms: Nearly 400,000 Risk Losing $2.5 Billion
The failure of over 392,000 FTX creditors to complete or initiate KYC verification has resulted in the potential loss of nearly $2.5 billion in repayments according to court […]
FTX Dismantles Over $2.5 Billion in Claims Due to KYC Noncompliance
FTX has disqualified nearly 400,000 customer claims worth over $2.5 billion due to failure to verify identities through the Know-Your-Customer (KYC) process. The exchange’s action affects creditors with […]
FTX Rejects Claims From Over 392,000 Users After KYC Deadline Missed
Over 392,000 former FTX users have had their claims for recovery rejected after missing a crucial deadline to verify their identities. According to court filings, these individuals failed […]
Tron Founder Alleges FDT Stablecoin Issuer Orchestrated Fraud, Demands Regulatory Action
Justin Sun, founder of Tron (TRX), has accused First Digital Trust (FDT), the issuer behind the FDUSD stablecoin, of orchestrating a major fraud involving misuse of reserve assets. […]
FTX Cuts $2.5 Billion in Customer Claims: A Move With Potential Market Impact
Crypto exchange FTX has announced plans to reduce customer claims by $2.5 billion before May. This strategic move aims to streamline repayment processes and is generating significant reactions […]
FTX Halts $2.5 Billion Claims Due to KYC Failures
Crypto exchange FTX has suspended claims totaling $2.5 billion after failing to meet Know Your Customer (KYC) requirements, impacting 392,000 customer accounts as of November 1, 2023. This […]
FTX Customer Claims Disqualified: Nearly $2.5 Billion Wiped Out
In a significant development for the FTX bankruptcy process, nearly 400,000 customer claims worth up to $2.5 billion have been disqualified following missed KYC deadlines. This massive disqualification […]
FTX Removes Nearly 400,000 Unverified Customer Claims Amid Bankruptcy
Bankrupt crypto exchange FTX has removed nearly 400,000 customer claims after users failed to complete KYC verification by the court-imposed deadline. Approximately 392,000 customers missed the March 3rd […]
Justin Sun Claims First Digital Trust Insolvent, Urges Action After TUSD Reserves Mismanagement
Tron founder Justin Sun has declared that Hong Kong-based fiduciary firm First Digital Trust (FDT) is insolvent and unable to fulfill client redemption requests. This announcement comes amidst […]
Backpack Launches Claims Process for FTX EU Customers, Leaving Many in Uncertainty
Crypto exchange Backpack has begun accepting claims from former FTX EU users as part of its process to distribute funds. This announcement, made on April 1st, outlines the […]
FTX Europe: Claim Process Begins with Backpack’s Launch
Good news for European FTX customers! Backpack, which acquired the bankrupt exchange’s European subsidiary, has officially launched its claims process, enabling users to start recovering their funds. Users […]