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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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- 📢 ETH Heading for $4800? Have Your Say! Show Off on Gate Square & Win 0.1 ETH!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
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📅 Ends at 4:00 AM July 22 (UTC)
FTX creditors face a complex claims process in the Bahamas.
On July 19, Sunil Kavuri, a representative of FTX's creditors, stated that those submitting claims for compensation in the Bahamas must take additional steps because this region follows the UK/European legal system, which is more complex than that of the United States. The jurisdictional differences require the process to include more documentation and approvals from regulatory authorities.
The liquidators of FTX, led by PwC and Brian Simms KC, are handling these legal challenges. The strict KYC requirement ( for identity verification ) is the main reason for the delay in payments. As of the end of June 2025, approximately 290 million USD in valid claims remain unpaid due to a lack of KYC documentation.
Kavuri emphasized that compliance with legal regulations in the Bahamas is prolonging the repayment period, adding pressure and frustration for creditors.