TechFlow, April 6 — According to Cointelegraph, court documents from the U.S. Bankruptcy Court for the District of Delaware on April 2 reveal that approximately 392,000 FTX bankruptcy exchange creditors risk forfeiting a combined $2.5 billion in repayments due to failure to complete mandatory KYC verification procedures. The court has extended the original March 3 deadline to June 1, 2025, providing users with a final opportunity.
Users who fail to complete verification by the new deadline will permanently lose their claim eligibility. Small claims under $50,000 account for about $655 million, while large claims exceeding $50,000 total approximately $1.9 billion. FTX plans its next repayment round on May 30, 2025, expecting to distribute over $11 billion to major creditors.
