FTX Claims Portal Back in Action!
Good news for those with their digital fortunes lodged in crypto purgatory! The notorious FTX exchange has reactivated its claims portal, but this time with shinier and stronger security protocols. After a rather entertaining hack that closed the portal like a bad joke, it’s back to business — at least as much as that’s possible when money is missing.
What Happened? A Brief Recap
So, it seems that on Sept. 11, the well-respected (or should we say disrespected?) claims agent Kroll had a run-in with cyber villains. Non-sensitive customer information was breeched, but thankfully, your precious account passwords and funds appear to be secure. FTX took this as a cue to tighten up and, voicing assurance on their social media platforms, let everyone know that no internal systems were compromised. Safety first, right?
The Numbers Game: Claims and Valuations
Get your calculators ready! As of recent reports, a whopping 36,075 claims have been lodged, totaling around $16 billion. Astonishingly, only 10% of these claims get a big thumbs-up. Meanwhile, in a separate, more entertaining category, 2,300 non-customer claims worth an eye-watering $65 billion have also taken the plunge, unleashing chaos from the likes of Genesis, Celsius, and Voyager. Talk about the world’s most expensive game of Monopoly!
What to Expect in Filing Claims
For those holding onto their FTX, FTX US, Blockfolio, FTX EU, FTX Japan, and Liquid assets, the claims portal is back and waiting for your input. According to FTX, the terrifying freezing of accounts was just to be safe — because who doesn’t love playing the “Is my wallet safe?” game? At least you can still mail in proof-of-claim forms even if the online buzz was interrupted.
The Future of FTX’s Assets
In a thrilling (and bizarre) twist, the United States Bankruptcy Court for the District of Delaware green-lighted FTX to auction off their digital assets — not that anyone was asking for permission, really. Judge John Dorsey gave them guidance on how to slice and dice their assets, starting small at $50 million and scaling up to $100 million subsequently. But everyone’s eyes are glued to the fine print: no Bitcoin, Ether, or “certain insider-affiliated tokens” can be sold until they jump through the hoops of 10-day notices. Nothing like a little politics to spice up the crypto game!
