FTX Clients Have Until September to Request Fund Refunds
FTX clients have until September 29 to request refunds for their trapped crypto assets, according to a recent court update.
The bankruptcy team will begin accepting claims this month, and clients must specify the type of assets they hold.
The claims process extends to affiliated companies as well. FTX aims to reimburse its clients, owing them $8.7 billion and having recovered $7 billion in assets.
The company hopes to reach $10 billion in recovered assets, signaling a potential return to the market despite a previous scandal.