November 2022 will forever be marked in the history of the crypto market as the month of the collapse of FTX, one of the largest exchanges in the world at the moment. After complaints about the possible insolvency of the brokerage, SBF (Sam Bankman-Fried) – founder and then CEO of the brokerage – declared that the allegations were unfounded and that it was persecution of the competition.
However, time proved that it was not a simple FUD. The story was so true that Binance tried to buy FTX to rescue the company and minimize damage to the market. But an initial analysis revealed that the “hole” was much larger than initially predicted. As a result, Binance ended up giving up the operation.
On November 11, 2022, FTX filed for Chapter 11 of the American Bankruptcy Law. Although many people relate it directly to the company’s bankruptcy, this device is something similar to the Brazilian Judicial Recovery.
Deadline for those injured by FTX
Since then, a lot has happened: SBF was removed from the company and later arrested. The judicial administrator claimed to have recovered 7 billion dollars to partially reimburse users. And finally, the company launched a website so that people who had a balance on the exchange could register as creditors.
However, the deadline to register is now closing. September 29, 2023 is the last day.
That’s why we at CriptoFácil made a super tutorial so you can see how to register on the platform to try to reduce your losses with your balance blocked on FTX.
Disclaimer: The text presented in this column does not necessarily reflect the opinion of CriptoFácil.