The joint statement of the FTX liquidation commission and Kroll Restructuring Administration, acting as an agent for processing claims, said that they have repeatedly warned creditors about the need to timely complete the verification procedure (KYC). Despite this, many did not manage or ignored the claims of the court, which led to the cancellation of their rights to financial compensation.
Representatives of the FTX Provisional Administration added that the next important period will come on June 1. By this time, customers who began the KYC process, but did not complete it, also risk losing their rights to reimbursement of funds.
By assessment Sunil Kavuri, one of the major ftx creditors, if all these claims are rejected, this will allow the bankrupt exchange to save on obligations about $ 2.5 billion: $ 655 million on funds that have previously owned by creditors with liabilities of less than $ 50,000, and almost $ 1.9 billion with obligations of more than $ 50 000.
Earlier, the Senator-Democrat from Massachusetts Elizabeth Warren said that she was concerned about the possible connections of the future chairman of the US Securities and Exchange Commission (SEC) Paul Atkins with the administration of FTX collapsed crypto-tanks.
Source: Bits
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