FTX Claim deadline Sept 29 2023

[nelson4lov]

I have been ignoring the incoming email messages about the deadline for claims at FTX that have assets there, but I don't do that, the assets there are not that big so let it be.

It is very difficult to find an answer whether customer funds will be returned in full? It's still in the KYC process stage to claim and it hasn't been verified yet, it will take a long time and you will definitely wait longer without certainty.

Don't get your hopes up, because there is no hope in the near future.

The fact that the claim reimbursement are not guaranteed and the details are just blurry as if they want to erase the fact that FTX imploded very quickly. I got the mails and tried to pass the KYC - submit documrnts, get no confirmation or email whether it was successful or not. Then check back 2-3 days later only to get a prompt for new KYC. I  didn't push through without because the aasset there is very small compared to the stress of filing the claim.

Hopefully they announce some kind of extension, otherwise it's good as gone for the second time.

[adaseb]

I am surprised that there is a deadline for these claims when they haven’t even started liquidating all their assets. The deadline should be right before they are ready to pay out.

Why waste peoples time with claims and KYC now when it could take 5-10 years and we might only get 10 cents on the dollar.

So I think there will be an extension because this doesn’t seem fair.

[benalexis12]

Is that correct? If that's the case, has anyone been able to demonstrate that FTX victims have already gotten or obtained their long-awaited monies from FTX? It's almost as though I haven't seen anything that demonstrates they have regained their money that they invested into FTX but did not withdraw.

I sincerely hope that it can be fixed properly and that the funds of those who did not withdraw their funds from the Ftx platform are rightly restored. This is the only thing what I had found actually https://www.theinformation.com/articles/ftx-investors-are-back-in-the-spotlight-as-victims

[Huppercase]

I have been ignoring the incoming email messages about the deadline for claims at FTX that have assets there, but I don't do that, the assets there are not that big so let it be.

It is very difficult to find an answer whether customer funds will be returned in full? It's still in the KYC process stage to claim and it hasn't been verified yet, it will take a long time and you will definitely wait longer without certainty.

Don't get your hopes up, because there is no hope in the near future.

The fact that the claim reimbursement are not guaranteed and the details are just blurry as if they want to erase the fact that FTX imploded very quickly. I got the mails and tried to pass the KYC - submit documrnts, get no confirmation or email whether it was successful or not. Then check back 2-3 days later only to get a prompt for new KYC. I  didn't push through without because the aasset there is very small compared to the stress of filing the claim.

Hopefully they announce some kind of extension, otherwise it's good as gone for the second time.

I think back then in 2021, I had account with FTX and that was prompted because of the no KYC status to use the exchange made me to register with them but I never remember to use that exchange for once, and I was sent the email and that is suspicious of them to sent email for all the emails they have on their server to come and provide documents to claim money that is not certain in the first place, what happen after the KYC process and they never bother to refund back the money? What are they going to do with the collected documents collected, something fishy right.

Another question is what are they going to do with users that use mobile number as ID instead of email, how are they going to make communication when information cannot be sent to mobile numbers and I believe that some people will be offline for a while to take a break after the hack incidence, they will definitely increase the timing else they don't have in mind to give back people their fund and that will affect the future operation of the exchange, that is if they come back in the first place.

[o48o]

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Does anyone know what this means? I would KYC if I knew 100% I would get back at least 50% of my funds. If in 5 years, all I get is 10% then they can just keep it and not going to bother with this.
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I actually think lot's of people could think this way, meaning that huge amount of people won't even bother with the process. And that would mean there's more to share with people who remained and tried to reclaim their coins. If i had anything in and big enough bag of money i wanted bag, i would definitely do KYC. If you are not avoiding tax man, i don't frankly get why wouldn't people go for it. Hard like KYCs unavoidable in the future in cexes anyway.

[goaldigger]

-cut-
Does anyone know what this means? I would KYC if I knew 100% I would get back at least 50% of my funds. If in 5 years, all I get is 10% then they can just keep it and not going to bother with this.
-cut-

I actually think lot's of people could think this way, meaning that huge amount of people won't even bother with the process. And that would mean there's more to share with people who remained and tried to reclaim their coins. If i had anything in and big enough bag of money i wanted bag, i would definitely do KYC. If you are not avoiding tax man, i don't frankly get why wouldn't people go for it. Hard like KYCs unavoidable in the future in cexes anyway.

The payment should not be lower than 50% and it should be more than 100% just to pay for the damages, I’m not sure though but hopefully it will be fair to everyone. I’ve received a lot of email from them, though I’m also hesitant to comply with the KYC since my funds there is not that Big and the task is quiet hard especially we are still not sure if they will recover such crypto. There are also fake site sending this recovery option, be careful on giving out your personal information.

[Bushdark]

Is that correct? If that's the case, has anyone been able to demonstrate that FTX victims have already gotten or obtained their long-awaited monies from FTX? It's almost as though I haven't seen anything that demonstrates they have regained their money that they invested into FTX but did not withdraw.

I sincerely hope that it can be fixed properly and that the funds of those who did not withdraw their funds from the Ftx platform are rightly restored. This is the only thing what I had found actually https://www.theinformation.com/articles/ftx-investors-are-back-in-the-spotlight-as-victims

I don't think many of the debtors would want to follow these steps because this is what they signed for from the beginning and I don't even think that all there customers would be able to pass through the KYC status because they might do it in a way that only fee people would be able to go through all the stress of getting small part of there funds. You getting your money back would be very difficult since they only have little funds available to settle there customers. I just hope everyone that is ready to go through the steps recommended would be able to get there funds even though they wouldn't be able to get all.

[jaberwock]

Is that correct? If that's the case, has anyone been able to demonstrate that FTX victims have already gotten or obtained their long-awaited monies from FTX? It's almost as though I haven't seen anything that demonstrates they have regained their money that they invested into FTX but did not withdraw.

I sincerely hope that it can be fixed properly and that the funds of those who did not withdraw their funds from the Ftx platform are rightly restored. This is the only thing what I had found actually https://www.theinformation.com/articles/ftx-investors-are-back-in-the-spotlight-as-victims

These FTX refunds are not new and as we can see here they only have till Sept 29. Actually, we are already in the month of October but I'm not sure if the company can give an extension or exemption for those who are late. Only those who get the money can confirm and maybe most of them are not a member of the forum.

FTX should settled it because if not, severe punishments are going to be experienced by the people behind it. Even if they fixed the mess that they've caused, people aren't still going to trust them anymore if ever they plan to make comeback. This will only be similar to the Luna where their Luna 2.0 token, didn't regain a lot of support from the public.

[Potato Chips]

Is that correct? If that's the case, has anyone been able to demonstrate that FTX victims have already gotten or obtained their long-awaited monies from FTX? It's almost as though I haven't seen anything that demonstrates they have regained their money that they invested into FTX but did not withdraw.

That's because it's too early.

One thing for sure is there will be a long ass process-- kind of similar to mt.gox. And right now, it's is still at its early stages where they're still gathering and confirming claim entries so it's no wonder you're not seeing anything of "i got my money back" posts, not to mention, FTX case is still going on and they're probably still scraping for stuff to liquidate.

[BlackBoss_]

That's because it's too early.

One thing for sure is there will be a long ass process-- kind of similar to mt.gox. And right now, it's is still at its early stages where they're still gathering and confirming claim entries so it's no wonder you're not seeing anything of "i got my money back" posts, not to mention, FTX case is still going on and they're probably still scraping for stuff to liquidate.

It will be long but I expect it to be shorter than Mt.Gox because laws and regulations on cryptocurrency exchanges have been more detailed than years ago when Mt.Gox hack happened.

The lawsuit against Sam Bankman-Fried is on going and it will be not good for him when a co-founder of FTX exchange, Gary Wang, already agreed to provide evidence against Sam Bankman-Fried by cooperating with governments through the lawsuit progress. I agree with you FTX victims will have to wait many months to get part of their money lost on FTX back.

SBF was ‘very resistant’ to investors on FTX board: Paradigm co-founder.

News about FTX will be used more in future like Mt.Gox as fud to trigger Bitcoin corrections. People are always fearful that there will be dumping, selling pressure from Mt.Gox distribution so will be FTX distribution.

[GreatArkansas]

I am also curious about "proof" when I tried to file a claim, there's a part where you need to provide some proof (I don't know what proof is this) like maybe proof of your balance in the FTX Exchange before? Because they already have a way to do it, like right now you can see your balances in the FTX Claim website which is connected from Kroll also.

[adaseb]

I am also curious about "proof" when I tried to file a claim, there's a part where you need to provide some proof (I don't know what proof is this) like maybe proof of your balance in the FTX Exchange before? Because they already have a way to do it, like right now you can see your balances in the FTX Claim website which is connected from Kroll also.

There was no proof to file. After you were forwarded to that Kroll website, it listed your total balance and then listed your coin/token balance. This balance was correct because I took a screenshot right before they went offline back in November and everything lines up.

Just submit that long document and it should confirm you got your claim in. KYC doesn't need to be approved to submit the claim. I don't know even if you need a fully verified KYC right now since they are slow to verify and approve and it'll be a long time before we actually get anything back.