FTX KYC Deadline Extended: 400,000 Users Risk Losing $2.5 Billion in Repayments ⏳
Nearly 400,000 creditors of FTX are at risk of losing $2.5 billion in repayments due to failures in the KYC verification process. Originally set for March 3, 2025, the deadline for KYC completion has been extended to June 1, 2025. Of the total claims, $655 million are under $50,000, and $1.9 billion are over $50,000.
Many users have expressed difficulties with the KYC process.
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