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CDS Crypto News FTX Customers’ Deadline to File Bankruptcy Claims Ends at End of September

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FTX Customers’ Deadline to File Bankruptcy Claims Ends at End of September

FTX customers were given until the end of September.

lectertodd30/06/20231 Mins read882

Ftx Customers' Deadline To File Bankruptcy Claims Ends At End Of September

The deadline to file claims against the bankruptcy estate and cast votes on the Chapter 11 restructuring plan is September 29. This deadline affects former users of the cryptocurrency exchange FTX, the trading firm Alameda Research, and other connected businesses.

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FTX Customers’ Deadline to File Bankruptcy Claims Ends at End of September

According to an order from the Bankruptcy Court for the District of Delaware, each claim against the exchange must indicate the type of asset (cryptocurrency, fiat, or NFT) and be valued in U.S. dollars. In addition, an email with a link to the Customer Claims Portal will be sent to each former customer.

About FTX

In July 2021, FTX Exchange, a well-known centralized cryptocurrency exchange that specialized in derivatives and leveraged goods, was the third-largest in the world. FTX was established in 2018 by former Jane Street Capital international exchange-traded funds (ETFs) trader and Massachusetts Institute of Technology (MIT) alumnus Sam Bankman-Fried. FTX provided a variety of trading products, such as derivatives, options, volatility products, and leveraged tokens.

Sources:coindesk

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