The problems around FTX, the cryptocurrency exchange that shook the market with its collapse, are endless. Veteran analyst Peter Brandt is warning former FTX users of a crucial deadline as new developments emerge in the bankrupt crypto exchange’s bankruptcy case.
Experienced analyst warns users of the bankrupt cryptocurrency exchange!
Peter Brandt points out that the deadline for FTX customers’ requests is September 29, 2023, approaching 16:00 Eastern Time in the United States. According to the document published by Brandt, the threshold date is the deadline for FTX debtors, in this case the FTX bankruptcy estate, to submit proof of claim on behalf of customers.
FTX Proof of Claims Deadline upcoming pic.twitter.com/QwhZPZKfaO
— Peter Brandt (@PeterLBrandt) September 22, 2023
Customers need to keep in mind that the deadline to submit a claim is September 29. It is possible to initiate the request procedure by logging into the customer requests portal. This deadline affects former users of cryptocurrency exchange FTX, trading firm Alameda Research and dozens of related businesses. By the way, every request to the exchange must be made in US dollars. It also needs to include the claimant’s choice of asset (cryptocurrency, fiat, or NFT).
Latest developments about FTX
FTX’s new leadership team is investigating billions of dollars worth of missing assets belonging to the cryptocurrency exchange. He’s been working for months to find them and put them together. In the latest development, bankrupt cryptocurrency exchange FTX has filed a lawsuit against former Salameda employees to recover approximately $157.3 million, according to a court filing late Thursday. Salameda is a Hong Kong company affiliated with FTX. Also among the allegations is that former FTX CEO Sam Bankman-Fried manages this company.
As you follow on Kriptokoin.com, FTX’s bankruptcy estate has previously attempted to recover payments from Bankman-Fried and his executives, as well as from affiliated parties such as FTX’s charitable and life sciences divisions. It is also trying to recover the funds FTX paid to Genesis Global Capital. Bankrupt FTX is also seeking to recover luxury properties and “millions of dollars in fraudulently transferred and embezzled funds” from Sam Bankman-Fried’s parents, Allan Joseph Bankman and Barbara Fried.
Some cryptocurrency exchanges are in talks to acquire FTX Europe
According to the latest news, Coinbase is willing to acquire FTX Europe. Coinbase, meanwhile, sought to acquire FTX’s European presence to expand its footprint in the derivatives business following bankruptcy in November 2022. Although the talks never materialized, Coinbase’s interest in FTX Europe highlights the exchange’s effort to enter the derivatives market to advance its global business plan.
According to FTX Europe’s financial records, the platform’s parent company continued to add tens of thousands of users even amid its bankruptcy. The permanent value of the license, which can only be transferred through a purchase, attracted the attention of more than one potential buyer. As a result, at the request of its debtors, FTX decided to auction various components of its powerful empire. By the way, Crypto.com was previously among the potential suitors of FTX Europe.
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