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FTX Disqualifies $2.5B in Claims After KYC Deadline Missed by 392,000 Users

Coinpedia LogoCoinpedia22h ago

FTX Disqualifies $2.5B in Claims After KYC Deadline Missed by 392,000 Users - Coinpedia

Quick Summary:

Nearly 400,000 customer claims worth up to $2.5 billion have been disqualified after users failed to meet the March 3 deadline for identity verification.

Despite the challenges, the repayments represent a critical step forward for former users hoping to reclaim their lost funds.

FTX’s move could boost recovery rates for verified users as the total liabilities against the estate are now significantly reduced.

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FTX Disqualifies $2.5B in Claims After KYC Deadline Missed by 392,000 Users - Coinpedia (Picture 1)

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Article Details

Author / Journalist: Nidhi Kolhapur

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-05 @ 12:24:51 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 370 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 27601351

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About Coinpedia

Coinpedia Logo

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 15 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 21 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #112

Publisher Details

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The story "FTX Disqualifies $2.5B in Claims After KYC Deadline Missed by 392,000 Users" has 370 words across 31 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "FTX Disqualifies $2.5B in Claims After KYC Deadline Missed by 392,000 Users" was covered 22 hours ago by Coinpedia, a news publisher based in United States.

How trustworthy is 'Coinpedia' news outlet?

Coinpedia is a fully independent (privately-owned) news outlet established in 2016 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 15 news stories per day.

It's most recent story was published 21 hours ago.

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  • News ID: #27601351
  • URL: https://chronographically.beamstart.com/news/ftx-disqualifies-25b-in-claims-17438566497362

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