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TechFlow news, April 5 — According to Dlnews, bankruptcy court documents from Delaware, USA, reveal that cryptocurrency exchange FTX has canceled approximately 392,000 user claims from accounts that failed to complete identity verification. Sunil Kavuri, representative for FTX creditors, estimates the total value of these canceled claims could exceed $2.5 billion, including $655 million in small claims (below $50,000) and $1.9 billion in large claims.
According to Dlnews, court documents from the U.S. Bankruptcy Court in Delaware reveal that cryptocurrency exchange FTX has canceled approximately 392,000 user claims from accounts that did not complete identity verification. Sunil Kavuri, representative for FTX creditors, estimates the total value of these canceled claims may exceed $2.5 billion, including $655 million in small claims (under $50,000) and $1.9 billion in large claims.
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