Latest Summary of FTX Bankruptcy:

1. Approximately 392,000 FTX creditors have not completed the KYC verification process, meaning nearly $2.5 billion in claims have been rejected and removed, with claims over $50,000 totaling about $1.9 billion and claims under $50,000 accounting for about $655 million.
Reminder! The final deadline for KYC verification is June 1st, and later claims will be permanently cleared.

2. Bahamas Claim Process: The KYC verification process has been gradually completed and the "Payment Instruction Submission" step has begun. Users who have not yet completed KYC should pay attention to PWC emails, and "Claim Settlement" is expected to start in July.

3. Users with 7A who did not receive compensation in the previous round for amounts less than $50,000, after the release of TBD, can receive allocation in this round on May 30 together with 5A users (excluding Chinese creditors).

4. Chinese creditors still cannot receive the compensation from round 5.30. The next round of compensation is expected to be by the end of 2025 or next year (provided that FTX officially resolves the distributor issue). All 5A creditors will need approximately a 5-year cycle to receive full compensation.

5. Some creditors holding $FTT are attempting to obtain compensation value through court motions, but there have been no successful cases so far, and $FTT maintains its "platform equity" attribute.

6. FTX phishing scam emails are frequent and numerous, please carefully verify the official EMAIL address (.

7. If you encounter any difficulties or issues during the process of claiming or selling debt, you can contact me for resolution, such as KYC/dispute claims/unbinding distributors/account bans, etc. TG:

#FTX # FTX claims #FTX compensation