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Coin Edition 2025-01-07 04:26:53

FTX Creditors Scramble as KYC Hurdles Threaten Claims Deadline

FTX creditors must complete KYC, tax forms, and agent selection by January 20, 2025. Missing pre-distribution deadlines risks delayed payments or forfeiture of claim rights. Confusion over jurisdictional deadlines adds stress for Bahamas-linked FTX creditors. The clock is ticking for FTX creditors as the January 20, 2025 claims deadline approaches. A complex claims process, including KYC verification and tax submissions, has left many struggling to meet the requirements. Missing these deadlines could result in delayed payouts or even the loss of claims, adding to creditors’ anxieties. Bahamas FTX Claim Distribution Most are stuck on KYC, unable to choose Payment Instruction FTX set 20th Jan deadline to complete: 1) KYC 2) Tax forms 3) Choosing Distribution Agent for claims FTX customers involved are concerned with the Bahamas process and deadlines pic.twitter.com/yQVQyHvAnP — Sunil (FTX Creditor Champion) (@sunil_trades) January 6, 2025 What Creditors Need to Do To receive an initial payment, FTX creditors must complete several steps. These include identity verification (KYC), submitting tax forms, and choosing how they want to receive their funds. T… The post FTX Creditors Scramble as KYC Hurdles Threaten Claims Deadline appeared first on Coin Edition .

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