Thread for anyone recovering their balances from FTX.

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Thread for anyone recovering their balances from FTX.

Hi everyone. We are on Step-8 out of 9 to see the distribution amounts being sent to our wallets.

To those who were not aware of the situation, in November 2022, FTX went bankcrupt, and users such as me lost out access to withdraw our balances.

March 2023, FTX users started to receive email from noticing.ra.kroll dot com, outlining the identification of our balances. In that email, the users' Unique Customer Code, and Claims- spelling out the balances of our cryptos.

Throughout the months, proceedings went through as follows;

  1. Initiate Account Owner Authentication
  2. Verify Identity of the Original FTX Account Owner
  3. Know-Your-Customer Process
  4. View Account Balances
  5. View Your Proof of Claim Status
  6. Voting (Of the Proposed Chapter-11 Plan and Implication)
  7. Distribution – Tax Requirement (Tax Forms)
  8. Distribution – Select Provider (2-3 Exchanges were listed)
  9. Distribution of Amounts (Soon)

We have gone through 8 steps, and Step-8 required for us to confirm the Exchange we wish to receive the balances. I've had some people from this subreddit throughout the months/years assisting me with some of the simplest of questions.

Here's to recovering our balances properly. It was estimated that FTX will have up to USD 16.5 billion to repay creditors, and here's to putting back the money into crypto just because that's the right thing to do. Although we had to take some time to see through this process, hopefully everyone got what they were owed.

It has been quite an interesting process seeing this through.

submitted by /u/the_far_yard
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