FTX Announces To Launch Customer Claims Portal For Bankruptcy Relief In Coming Weeks

Key Points:

• FTX is launching a customer claims portal for users affected by its Chapter 11 bankruptcy.
• The portal was initially set to launch on July 3, 2023, but has been delayed due to revisions in the submission timeline.
• Once the portal is open, clients will be notified via email and the official Twitter account.

FTX announces upcoming launch of customer claims portal for Chapter 11 bankruptcy, delayed but launching in coming weeks. Clients notified via email and Twitter.

FTX has announced the upcoming launch of its customer claims portal, allowing users affected by the company’s Chapter 11 bankruptcy to file claims. Following a court order, the portal was initially scheduled to be launched on July 3, 2023, but has since been delayed due to revisions in the submission timeline. The firm has stated that the portal will now be launched in the coming weeks. Once the portal is open, clients will be notified via email and the official FTX Twitter account.

FTX Trading Ltd. and its affiliated debtors filed for Chapter 11 bankruptcy on November 11 and November 14, 2022, respectively, in the United States Bankruptcy Court for the District of Delaware. On June 14, 2023, the FTX Debtors filed the Customer Bar Date Motion seeking to establish the deadline for customers to file proofs of claim and approve the procedures for doing so. On June 28, 2023, the Court approved the Motion.

The Debtors’ Customer Claims Portal was created to enable users to file claims in connection with bankruptcy proceedings. The portal serves as a platform for users to file proofs of claims and access relevant information about bankruptcy. Customers will be notified when the portal is open and can access it via the official FTX Twitter account.

In a nutshell, FTX’s customer claims portal will soon be launched to allow users to file claims related to the company’s Chapter 11 bankruptcy. The portal was delayed due to revisions in the submission timeline, but clients will be notified via email and the official FTX Twitter account when it is open. The portal will serve as a platform for users to file proofs of claim and access relevant information about the bankruptcy.

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