FTX Launches Claims Portal Allowing Creditors to Submit Petitions

Introduction

FTX, the failed cryptocurrency trading platform, has introduced a customer claims portal. This portal enables individual clients to access their account information and submit petitions to participate in the Chapter 11 bankruptcy proceedings, as stated on the website.

Accessing the Claims Portal

The claims portal is designed for customers who held accounts with FTX.com, FTX.us, Blockfolio, FTX EU, FTX JP, and crypto exchange Liquid. As per a U.S. court ruling last month, customers are required to file their claims by September 29.

Instructions for Filing Claims

Upon accessing the portal, customers will be directed to the Kroll Restructuring Administration platform. There, they can confirm their balances as of the Petition Date and, if necessary, submit an electronic proof of claim, as outlined in the portal's instructions.

Account Balance Calculation

It appears that customer account balances will be calculated based on the information as of November 11, 2022.

Conclusion

The introduction of the customer claims portal by FTX allows creditors to submit their claims and participate in the Chapter 11 bankruptcy proceedings. Customers of FTX.com, FTX.us, Blockfolio, FTX EU, FTX JP, and crypto exchange Liquid are encouraged to access the portal and follow the instructions to confirm their balances and file their claims by the specified deadline.