Hundreds of thousands of FTX account holders risk losing their right to collect against the defunct cryptocurrency platform in the coming days, and many are scrambling without attorneys to figure out what to do.
FTX Trading Ltd. bankruptcy creditors who haven’t verified their claims—necessary to comply with anti-money laundering laws and other regulations—should be putting large circles on their calendars around March 1 and June 1. Failing to commence the “know your customer” process by March 1 and complete it within 92 days will leave holders unable to reclaim any value for cryptocurrency trapped on the shuttered exchange.
When FTX ...
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