Many FTX users have recently received debt claims letters from FTX Digital Markets Ltd. (FTX Bahamas entity). The Bahamas and the US-led liquidation restructuring case led by John Ray have reached a cooperation agreement, which means that regardless of the procedure, they will receive roughly the same returns at the same time. However, if you did not complete the debt claim in the US within the specified time, you can try to reapply before the claim deadline of the Bahamas procedure on May 15th.
(
Received FTX debt claims letter? Bahamas court explains the differences and impacts of the US claims procedure
)
Table of Contents
Toggle
How to apply for a claim?
Kroll/FTX Digital claim website only needs to complete one of them
Because I couldn’t receive the email two-factor authentication, I gave up the claim application at the end of last year. Today, I tried the claim process in the Bahamas and found that the process was very smooth and could be easily completed within ten minutes. The process is as follows:
Advertisement – please scroll down for more
Enter from here
Claim website
Click “Create Claim” in the upper right corner
Fill in basic information such as name, country, phone number, email, and set a password for this claim website
After that, the official will send a set of numbers to your email for the next verification
Fill in personal details, including date of birth, residential address, ID number, etc.
Then, through the “link email” below, the official will send another set of numbers to your email. After verification, your FTX account balance will be displayed directly, and all currencies will be converted into US dollars at the original announced price
If there is a dispute over the balance, other supporting documents can be uploaded separately
Confirm the account balance and personal information again. If there is no error, you can directly sign online to complete the claim process
The Bahamas and the US-led liquidation restructuring case led by John Ray have reached a cooperation agreement, which means that the liquidation and distribution in the US lawsuit are the main focus. The Bahamas only provides an additional portal, and clients can file claims through the US procedure (Kroll claim website) or the Bahamas procedure (FTX Digital claim website). If clients are entitled to distribution, regardless of the procedure, they will receive roughly the same returns at the same time. This also means that users only need to complete the application in one of the places.
Therefore, when calculating the value of liquidation assets, the Bahamas portal will be consistent with the claim prices used by Kroll as reported previously.
(
FTX debt claimants received a letter from Kroll? Conversion price table for claims: BTC 16K/ETH 1.2K/SOL 16/FTT not included
)
FTX
FTX Digital
Kroll
Related reading
Received FTX debt claims letter? Bahamas court explains the differences and impacts of the US claims procedure
How is SBF doing recently? Lawyer: Performing well, expecting a reduced sentence