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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FTX users fight to unlock $2.2B in still-disputed bankruptcy claims
Nearly 400,000 FTX Clients Are at Risk of Losing $2.5 Billion
FTX Disqualifies $2.5B in Claims After KYC Deadline Missed by 392,000 Users
FTX Repayment Faces Scrutiny Over KYC Issues and Pending Claims
FTX Users Face $2.5 Billion Repayment Risk Unless KYC Completed by June 1 Deadline
