On April 5th, according to DLNews, FTX said it had cancelled about $2.50 billion of customer claims because nearly 400,000 users did not complete identity verification (KYC) by March 3rd. According to the Delaware Bankruptcy Court filing on April 2nd, 392,000 claims have been completely rejected and deleted, involving as much as 2377 pages.
While initially estimating the total unvalidated claims to be around $1 billion, creditor representative Sunil Kavuri said the actual amount could be more than $2.50 billion, which includes small claims of $655 million and large claims of $1.90 billion. These cancelled claims are part of a total of $33.60 billion in disputed claims that FTX is expected to dismiss. FTX said this process was critical to make up for failures by previous management in user data collection and due diligence
FTX Will Dismiss About $2.50 billion in Claims Related to Identity Verification Errors
2025-04-05 09:41:57
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
FTX将驳回约25亿美元与身份验证失误相关的索赔Next article：
21Shares：若比特币与纳斯达克持续脱钩，或将受到躲避美股的机构投资者青睐
