When will FTX register for the next round of distribution? Which claimants are eligible?

The next round of FTX allocation registration time is determined as April 11, 2025. The allocation is expected to start on May 30. Category 5 and 6 claimants and those who are first approved for convenience claims can participate. Registration must be paid attention to the process and fraud prevention.

FTX next round of allocation registration time is determined

Recently, new progress has been made in FTX's bankruptcy and restructuring, and the next round of allocation registration time has been settled. According to official FTX releases, the next round of allocation registration date is April 11, 2025, and the allocation is expected to begin on May 30, 2025.

This news is undoubtedly an important time node for many investors, creditors and other related groups who are closely following the subsequent development of FTX and waiting for capital recovery. Since FTX's sudden outbreak, its asset disposal, debt repayment and other issues have been attracting much attention. This clear registration time and allocation time have given everyone a clearer expectation in the long wait.

Applicable claimant type

Class 5 Customer Equity Claim Holder

Class 5 customer equity claim holders are mainly those who have certain assets on the FTX platform. During the normal operation of FTX, they deposit funds, cryptocurrencies and other assets in FTX for trading, investment and other activities.

When FTX crashed and went bankrupt, their assets were at risk of loss, thus becoming claimants. For example, some large-scale cryptocurrency investors store a large number of digital assets such as Bitcoin and Ethereum in FTX accounts, preparing to perform band operations or long-term holding and appreciation. FTX's bankruptcy makes their assets frozen and cannot be withdrawn and traded normally. , such investors belong to Class 5 customer equity claim holders.

They can participate in the next round of distribution because their assets originally belong to them, but were implicated and damaged due to FTX's operating problems. They should obtain corresponding funds backflow during the disposal and restructuring of FTX's assets to make up for the losses.

Category 6 General Unsecured Claim Holders

Generally, unsecured claims refer to the creditor having a claim against the debtor, but there is no corresponding collateral to guarantee the realization of the claim. In the FTX incident, such holders may be FTX suppliers, providing FTX with technical services, office equipment and other goods or services, but FTX has not paid the corresponding payment yet; it may also be some financial institutions that have provided loans to FTX (If the loan is not guaranteed), etc.

After FTX's bankruptcy, they can only participate in bankruptcy distribution as general unsecured creditors because there is no collateral to be paid first. For example, a small technology company developed a transaction-assisted software for FTX, which still owes the company a considerable software development fee, belonging to Class 6 general unsecured claims holders. Their participation in this distribution is based on the principle of fairness. In the liquidation and restructuring of FTX assets, they obtain corresponding debt repayments in a certain order and proportion to protect their legal claims.

A convenient claim holder approved after initial registration

Convenient claims usually refer to claims with relatively small amounts and relatively simple processing procedures. For convenience claims holders who have been approved after the initial registration but have not received the distribution, this time there is a new distribution opportunity. For example, some retail investors with only a small amount of cryptocurrency assets on the FTX platform may have a claim amount of several thousand dollars or even less, which falls within the category of convenient claims.

Previously, although their claim application was approved for various reasons, the allocation was not received in a timely manner. They can also participate in this registration on April 11, 2025 and are expected to obtain their own funds in the next round of allocations starting on May 30, which reflects FTX's continuous improvement of the process during the allocation process and ensures that all All rights and interests of claimants can be properly handled.

Allocation registration process and precautions

For eligible claimants, when making allocation registration on April 11, 2025, you must first make sure you have the relevant identity verification materials prepared. Identity verification is a key link in the registration process. It can ensure the authenticity and uniqueness of the claimant's identity and prevent fraudulent behaviors such as impersonation. For example, the claimant may need to provide a valid government-issued identity document, such as a passport, ID card, etc., to prove his identity.

At the same time, submitting tax forms is also one of the important steps. Tax issues are crucial in financial transactions and asset allocation. Submission of accurate tax forms can ensure the legality and compliance of allocated funds and avoid possible subsequent tax disputes. For example, claimants in the United States may need to submit a W-8BEN form, etc., to indicate their tax status and related information.

During the entire registration process, claimants must remain vigilant and prevent risks such as phishing fraud. After FTX burst, its related claims have attracted much attention, and some criminals have also taken this opportunity to try to defraud the claimant's personal information and assets.

A claimant once received a request to reset the password from "support@ftx.com". Although the email address seems to be the official FTX customer service address and the link is also linked to the FTX claim website, it is likely that the attacker obtained the email address. After permission, a phishing method that tries to defraud personal information through email.

Therefore, when claimants receive any email or information related to FTX allocation registration, do not easily click on the links therein, and be sure to log in to the official designated claim website to operate. In addition, some requests for providing sensitive information, such as bank card passwords, private keys, etc., must be firmly rejected, because the official will not request such information during the allocation and registration process.