Complete Guide to FTX Claim Application

This article comes fromcrypto-news-flash, original author: Paul Ade

Odaily Translator |

Odaily Translator |

For some FTX users, this "six steps" application process may be a bit complicated, but it may more or less give them some ways to get their funds back in deep pain.

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If users affected by FTX's bankruptcy want to get their funds back, they must submit a claim application to the US bankruptcy trustee Kroll Restructuring Administration LLC. Users must read and understand the Claim Instructions and must properly and truthfully complete the Claim Application PDF before the claim can be processed.

for example,for example,The U.S. Bankruptcy Court of Delaware, which is handling the FTX bankruptcy case, advises users not to send the original application documents, because they will permanently destroy the original documents after receiving them.One more thing to be very careful about - don't make fraudulent claims!

Additionally, applicants must add the following documents to their claim: Mortgage, Promissory Note, Invoice, Purchase Order, Security Agreement, and Judgment, and you may upload screenshots or videos of proof of provisioning assets on FTX for this Kroll Restructuring Administration claim The application also provides a number of other channels for submitting application documents. In addition, claimants can also use thisLinkTo review the submitted information, once on the page click on the claim number, go to the upper right corner and click on "Claim Proof PDF" to view.

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Step 2: Do not provide additional personal information

For users applying for FTX claims, you need to make sure that you do not add any personal information to the application documents, such information includes personal data, TIN (tax identification number) and ID card, etc.In fact, in the process of filling out the document, a warning is also given in the document asking the user to, the document states: “Any information regarding this application or any related documents that the applicant deems privacy sensitive should be removed or redacted due to the public access to unredacted data that could lead to the risk of user identities being compromised by criminals. steal."

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Step Three: Request Confirmation to Include Claims in Bankruptcy Proceedings and Report Losses on Tax Returns

In addition, all affected parties must make it clear to the tax authorities or tax advisors how the claim will be handled, and reporting the fraudulent losses to local law enforcement and filing a formal complaint can also be of considerable help.

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Step 4: You must add a US stamp and label the envelopeIt should be noted that if the user wants the FTX insolvency administrator Kroll Restructuring Administration to confirm the claim,must be mailed to them

However, you can buy US postage stamps on platforms such as Frankaturware.com, since you don't know how many confirmation documents the receiver Kroll Restructuring Administration needs to attach, you also need to consider the document weight, because for large airmails weighing more than 198 grams Additional stamps may also need to be purchased and attached.

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Provided your envelope already contains all the necessary documents and you have properly stamped them, please post these applications via DHL Express to the following address:

“FTX Trading Ltd. Claims Processing Center

c/o Kroll Restructuring Administration LLC

850 3 rd Avenue, Suite 412 

Brooklyn, NY 11232 ”

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Step 6: Submit your claim as early as possible

While FTX receivership Kroll Restructuring Administration Inc. allows users to send PDF documents digitally, it's definitely worth the mail. In addition, it should be noted that the claim application file reads:

"When the court sets a deadline for filing proofs of claim against a debtor, all identified creditors will be notified of the deadline and they will also receive instructions on how to file their claim."Although the court currently handling FTX bankruptcy cases does not set a deadline for filing a claim (so you don't have to worry about not filing a claim for now), it is actually very important to file on time.Submit your claim early