FTX Distribution Delays: Key Updates on Restricted Country Payouts

FTX creditors in certain countries, including Egypt and Russia, can’t receive payouts yet. The first round of FTX payouts is expected in March 2025, with smaller claims prioritized. Creditors must complete KYC and tax forms by January 20, 2025, to receive the first payments. Many FTX creditors face delays in receiving their funds as the cryptocurrency exchange continues with its complex Chapter 11 bankruptcy process. While progress has been made on the reorganization plan, a significant number of creditors are still waiting for their payouts. A recent update on the X platform by Sunil, an FTX creditor, sheds light on the challenges faced by creditors in specific jurisdictions. FTX Claims Distribution Update FTX creditors in countries including Egypt, Iran, Nigeria, Ukraine, China, Russia, Saudi Arabia are not currently eligible for distribution with the current distribution providers @bitgo @krakenfx despite FTX recognizing, creditors may have an… pic.twitter.com/GwgJylCNvU — Sunil (FTX Creditor Champion) (@sunil_trades) January 17, 2025 Key Challenge: Distribution Restrictions for Certain Countries FTX’s approved distribution service providers, B… The post FTX Distribution Delays: Key Updates on Restricted Country Payouts appeared first on Coin Edition .