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FTX Claims Portal Faces Technical Hurdles Shortly After Launch

By Hallie Gill
Jul 17, 2023
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FTX, the bankrupt cryptocurrency exchange, briefly launched a customer claims portal on July 11, but it went offline after approximately an hour for unknown reasons. The portal was intended to allow customers of failed exchanges such as FTX, FTX. TX US, Blockfolio, FTX EU , FTX Japan, and Liquid to access their account information and submit claims as part of the corporate restructuring process. Users were given a deadline of September 29 to submit their claims, and they could also provide proof of claims through Kroll's online customer form or by mail. At the time of writing, the claims portal remained offline.

In June, the debtors of FTX's bankruptcy case announced their plans to establish an online portal for client claims. The bankruptcy proceedings are currently taking place in Delaware, while the first criminal trial involving former FTX CEO Sam Bankman-Fried on fraud charges are scheduled to commence in October.

The launch of the claims portal was a significant step in the bankruptcy proceedings, offering affected customers an opportunity to access their account balances and submit claims for consideration. However, the reason for the portal's sudden offline status remains unknown, and users are advised to explore Alternative methods, such as submitting claims via Kroll's online form or mail, until the portal becomes operational again.

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