FTX offers an additional channel for claims, unfinished applications can be completed through FTX Digital before 5/15.

Many FTX users have recently received a debt claim letter from FTX Digital Markets Ltd. FTX Bahamas entity. An agreement has been reached with the Bahamas and the U.S.-led liquidation restructuring case led by John Ray, and regardless of which process is chosen, roughly the same return will be obtained at the same time. However, if you did not complete the debt claim in the U.S. within the specified time frame, you can try to reapply before the May 15th deadline for the Bahamas process.

Warning: Creditors can only receive allocation from one of the processes. If the Bahamas option is chosen, the application filed in the U.S. will be waived; those who have applied for U.S. claims should take special note.

Received a debt claim letter from FTX? Bahamas court explains the differences and impact between the Bahamas and U.S. claims processes

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How to Apply for Claim?

The author gave up on last year's claims application due to the inability to receive email two-factor authentication. Today, trying the claims process in the Bahamas, it was found to be very smooth, and it can be easily completed within ten minutes. The process is as follows:

• Enter the claims website
• Click on "Create Claim" in the top right corner
• Fill in basic information such as name, country, phone number, email, and set a password for this claims website
• Subsequently, an official will send a code to your email for the next verification step
• Fill in detailed personal information, including birthday, address, ID number, etc.
• By clicking on the "link email" below, the official will send another code to your email. After verification, your FTX account balance will be displayed directly, and all currencies will be converted into USD at the originally announced price
• If there is a dispute over the balance, additional supporting documents can be uploaded
• Confirm the account balance and personal information again. If there are no errors, you can sign online directly to complete the claim process

Kroll/FTX Digital Claims Website Only Need One to Complete

There is a cooperation agreement between the Bahamas and the liquidation and reorganization case led by John Ray in the United States, with the focus on the liquidation and distribution of U.S. litigation. The Bahamas simply provide an additional portal where clients can submit claims through the U.S. process Kroll Claims Website or the Bahamas process FTX Digital Claims Website. If clients are entitled to distribution, they will receive roughly the same returns regardless of which process they choose; however, it should be noted that choosing the Bahamas process will also waive the application through the U.S. process.

This means that users only need to complete the application in one place.

Therefore, when calculating the value of liquidation assets through the Bahamas portal, the claimed prices used by Kroll in previous reports will be consistent.

FTX creditors received a letter from Kroll? Claim Conversion Price Table: BTC 16K/ETH 1.2K/SOL 16/FTT not counted