Failed crypto exchange FTX launches debt collection portal: creditors will be able to submit their requests
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Recently, the now-bankrupt crypto exchange FTX unveiled its new debt recovery portal dedicated to creditors around the world, who will now be able to submit their requests regarding the issue of funds recovery. Below are all the details. Crypto news: everything you need to know about the new FTX debt collection portal As anticipated above, the failed crypto trading platform FTX recently launched a dedicated portal for debt collection for its customers. Specifically, this new tool allows individual customers to access their account information and file a petition that will be included in the company’s Chapter 11 bankruptcy process, as
FTX will repay creditors $14.7-16.5 billion under a Chapter 11 deal. The company will settle smaller claims under $50,000 within 60 days. FTX is now paying off creditors, according to a Chapter 11 reorganization plan court-approved two years after the collapse in November 2022. FTX, on January 3, 2025, sent…
Rumors on social media claim that the failed crypto-exchange FTX will start paying refunds to creditors on September 30, but this is not the case. Currently, the hearing on the approval of the restructuring plan scheduled for October 7 is still awaited. FTX: the crypto-exchange does not start paying refunds…