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FTT Token Rises as Bankman-Fried's Exchange Opens Claims Portal

FTT Token Rises as Bankman-Fried's Exchange Opens Claims Portal


Bankrupt Crypto Exchange Unveils Customer Claims Portal

Sam Bankman-Fried's insolvent crypto exchange has opened a customer claims portal for its Chapter 11 bankruptcy proceedings. Customers can use the site to submit evidence of their account balances as of 09:00 PM on 11 Nov. 2022 when the exchange announced bankruptcy. However, users report access issues due to geographical limitations or website overload. The deadline for filing claims is 4 PM ET on September 29, 2023. Meanwhile, the native FTT token surged 15% amidst news of the portal's opening. The exchange warned users of fraudulent links and confirmed that filing timing won't affect claim processing.


By: Amogh Mishra
12-Jul-2023

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