FTX Sets Next Distribution Date and Amends Proposed Disputed Claims Reserve Reduction
Next Distribution Record Date Set for
Amended Notice to Reduce Disputed Claims Reserve by over
FTX also filed an amended notice with the Bankruptcy Court to reduce the disputed claims reserve by
The Next Distribution will be made by FTX's Distribution Service Providers, BitGo, Kraken, and Payoneer. Holders of allowed claims should note that:
- The Distributions will only be made to holders of allowed claims that have met required pre-distribution requirements.
- If you have any questions related to the availability of your funds in your account with the Distribution Service Provider, please contact customer support at your selected Distribution Service Provider directly. Once FTX's payment of your distributions to the Distribution Service Provider is made to your account, individuals are solely responsible for their own funds.
- For transferred claims, distributions will only be made to the transferee holder of an allowed claim that is processed and reflected on the official register of claims maintained by the Notice and Claims Agent as of future record dates, where the 21-day notice period has lapsed without objection.
- For more information, please visit: https://support.ftx.com/hc/en-us/sections/33189504164628-Distributions.
Customers and creditors should continue to complete their Know Your Customer ("KYC") verification, submit required tax forms, and onboard with BitGo, Kraken, or Payoneer to receive a distribution.
For transferred claims, distributions will only be made to the transferee holder of an allowed claim that is processed and reflected on the official register of claims maintained by the Notice and Claims Agent as of the
Phishing Advisory
As distributions begin today, FTX advises all customers to remain aware of phishing emails that may look like they are from FTX Recovery Trust and scam sites from channels that may appear to look like the FTX Customer Portal (https://claims.ftx.com). The FTX Recovery Trust will never ask you to connect your wallets.
Advisors
FTX is represented by Sullivan & Cromwell LLP as legal counsel and are assisted by Alvarez & Marsal North America, LLC as financial advisor, Quinn Emanuel Urquhart & Sullivan, LLP as special counsel and Landis Rath & Cobb LLP as
View original content:https://www.prnewswire.com/news-releases/ftx-sets-next-distribution-date-and-amends-proposed-disputed-claims-reserve-reduction-302660499.html
SOURCE FTX
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