FTX Claim deadline Sept 29 2023 | Bitcointalksearch.org

adaseb

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Quote from: GreatArkansas on October 08, 2023, 10:56:33 PM

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.

GreatArkansas

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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.

BlackBoss_

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Quote from: Potato Chips on October 08, 2023, 05:49:29 PM

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.

Potato Chips

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Quote from: 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.

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.

jaberwock

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Quote from: benalexis12 on October 01, 2023, 03:36:51 AM

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.

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Quote from: benalexis12 on October 01, 2023, 03:36:51 AM

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.

goaldigger

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Quote from: o48o on October 01, 2023, 05:19:33 PM

Quote from: adaseb on September 11, 2023, 07:38:27 PM

-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.

o48o

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Quote from: adaseb on September 11, 2023, 07:38:27 PM

-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.

Huppercase

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Quote from: nelson4lov on September 30, 2023, 05:47:30 PM

Quote from: salad daging on September 29, 2023, 06:05:36 PM

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.

benalexis12

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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

adaseb

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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.

nelson4lov

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Quote from: salad daging on September 29, 2023, 06:05:36 PM

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.

salad daging

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Quote from: stomachgrowls on September 29, 2023, 02:33:34 PM

So it this would really be the last day for those who do tend to claim. Pretty sure that it would really be requiring that KYC
knowing that this is something that do attached with claims. Speaking about on when it would really be given out and how much % they will really be tending to return
then everything is something that cant be answered by only by them.

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.

stomachgrowls

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Quote from: Leuchtturmwaerter on September 29, 2023, 02:25:28 PM

Does anybody know if the 29th of Sep really is the final deadline?

Yes, basing up on reading their support page.

The deadline for filing a proof of claim on account of your customer claim is September 29, 2023 at 4pm ET.
https://support.ftx.com/hc/en-us/articles/16738866768788-Filing-a-Customer-Claim

So it this would really be the last day for those who do tend to claim. Pretty sure that it would really be requiring that KYC
knowing that this is something that do attached with claims. Speaking about on when it would really be given out and how much % they will really be tending to return
then everything is something that cant be answered by only by them.

Leuchtturmwaerter

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Does anybody know if the 29th of Sep really is the final deadline?

Tytanowy Janusz

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Quote from: Yamane_Keto on September 12, 2023, 07:19:18 AM

Quote from: Tytanowy Janusz on September 12, 2023, 04:40:19 AM

of which they will probably record 20% in their books as "operating costs". So in reality they will probably recover $1.6 billion of $9 billion, or about 17%. So I wouldn't count on more than that, and 50% seems unrealistic to me.

US and Japan are lucky the process of claiming will be faster and about 20% of the assets or more. The problem with international users.

yep. Thats the case too. FTX will most likely pay back those who are in juristdictions, that care most about investors (which have more potential for prosecution and issuing arrest warrants). So the US users will probably be paid first.

@OP 10% is most likely what you will get unless there are many people who will give up.

adaseb

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With the MtGox bankruptcy I think they gave people almost 10 years to file their claim. I think some people had up to last year to file a claim.

So this is why I am surprised they are rushing you to KYC by end of September when this will most likely drag on for the next 5 years.

Also who knows how much will be left. If it’s 15% then obviously it’s not worth the hassle unless you had at least close to 5 figures in there.

They own lots of SOL but if I understand correctly, most of it is still locked. BTC and ETH are the most liquid but they don’t hold that much of those to begin with.

gunhell16

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Quote from: adaseb on September 11, 2023, 07:38:27 PM

For those that are not aware, the deadline to claim your debt from FTX is end of September.

https://claims.ftx.com/

From there you login as usual, 2FA as usual and confirm your email.

Now I am confused because on Step 3, it says "KYC is recommended but not required". Says you can skip KYC and move to Step 4 to verify balance and Step 5 to file your claim.

However later it states that you must begin your KYC process and file your claim by Sept 29. Any claim of a customer with an unverified KYC status will be deemed unverified and the Debtors reserve to object such claims on missing or incomplete KYC info.

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.

This is what? Is it true that the link you provided will serve as a bridge for those who were previously harmed by the FTX controversy to receive their invested funds back? Like what you're saying right now. Simply put, I'm not sure if what I understand is accurate.

If it is true that all of the victims of Ftx prior would have their money back through this, it is wonderful news for them, though I seem to have some skepticism about it personally. But I sincerely hope that is the case so that those who have been harmed can relax and avoid feeling anxious at the same time.

Woodie

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Quote from: SquirrelJulietGarden on September 11, 2023, 09:36:40 PM

I did not find any link to https://claims.ftx.com/ from https://restructuring.ra.kroll.com/FTX/

I search it on FTX Twitter and did not find any tweet about claiming with that link. Could you share where you got the link, please.

My search goes with FTX Users Potentially Targeted in Possible Phishing Attack as Bankruptcy Claims Deadline Nears that has a link to direct me to FTX Debtors Launch Online Claims Portal for Customers

I agree with you that if the value is small, skip it is better than KYC and lose documents to FTX.

It actually adds up, these scammers might not be after funds possibly lost on FTX, but other exchange accounts might be the target as they harvest user data that they can use later on, especially knowing that we crypto users usually get to use more than one exchange for different reasons!

Secondly, what seems to be a red flag from that claiming process is how poorly they have infused the need to undergo KYC by them making it optional and then later saying "unverified KYC status will be deemed unverified and the Debtors reserve to object such claims on missing or incomplete KYC info" That line alone is off and best to verify this from their official social media accounts or get news from our reputable crypto news outlets.

Quote from: noorman0 on September 12, 2023, 12:09:09 AM

Based on the search cache in my browser, the claims portal page used to be as follows: https://claims.ftx.com/kroll-portal
Then a few days ago I read this thread that their restructuring agency had a data breach. I think they have canceled cooperation in this case considering the link above is no longer available.

Data breach you don't say, anybody affected by this should handle this with due diligence!

I mean when such an occurrence happens isn't ample time supposed to be given to its clients, but here timeline is tight Roll Eyes

my guess, this is meant to cause panic and prompt users to give up their data for their coins..btw any emails of any sort as a reminder to claim as they should have this info on file if the verification process is real Roll Eyes

JeromeTash

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Quote from: SquirrelJulietGarden on September 11, 2023, 09:36:40 PM

I did not find any link to https://claims.ftx.com/ from https://restructuring.ra.kroll.com/FTX/

I search it on FTX Twitter and did not find any tweet about claiming with that link. Could you share where you got the link, please.

The link is contained even in an email FTX sent to me or other users regarding the claiming process, so it's a legitimate link

Quote from: adaseb on September 11, 2023, 07:38:27 PM

For those that are not aware, the deadline to claim your debt from FTX is end of September.

https://claims.ftx.com/

From there you login as usual, 2FA as usual and confirm your email.

Now I am confused because on Step 3, it says "KYC is recommended but not required". Says you can skip KYC and move to Step 4 to verify balance and Step 5 to file your claim.

However later it states that you must begin your KYC process and file your claim by Sept 29. Any claim of a customer with an unverified KYC status will be deemed unverified and the Debtors reserve to object such claims on missing or incomplete KYC info.

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.

KYC is not required for you to proceed to step 4 and step 5, but it does not mean that you are not supposed to KYC afterward. KYC before Sept 29th is required for final verification or you may not receive anything

Topic: FTX Claim deadline Sept 29 2023 (Read 232 times)