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FTX denies claims worth millions over missed KYC deadline

Summary by CryptoPanic

FTX has denied claims of users who failed to start their Know Your Customer (KYC) process by March 3, 2025. This follows an order by the US Bankruptcy Court allowing the exchange to publish the denied claims and expunge them from its list of liabilities. Although the exchange did not state the...

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thecryptocurrencypost.net

FTX Denies Millions in Claims Over Missed KYC Deadline - The Cryptocurrency Post

TL;DR FTX has denied about $300M in claims from users who missed the March 3 KYC deadline, following a court order allowing non-compliant claims to be expunged. Additional claim disallowances by June 1 could save FTX up to $2.5B, intensifying creditor frustration over transparency and document processing delays. Global creditors remain in limbo, as over 160 restricted-country claimants face uncertain repayment timelines, with scheduled distribu…

1 day ago

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Fintech Finance

What is the Most Outdated KYC Practice? | FF News at FTT Lending 2025

During FTT Lending at etc.venues by Convene, County Hall in London we asked the attendees what the most outdated KYC practice was. KYC comes in all shapes and sizes however, when we asked the attendees of FTT Lending as part of our quickfire question round we heard a lot of answers which were mostly about manual processes and everyone’s favourite…Excel The post What is the Most Outdated KYC Practice? | FF News at FTT Lending 2025 appeared first …

1 day ago

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