Crypto exchange FTX canceled the claims of 392,000 users who didn’t start KYC verification before March 3, 2025
Total amount — around $2.5 billion, according to creditor Sunil Kavuri. Others must complete KYC by June 1, or their claims might be canceled too
Many users report issues when trying to resubmit documents — Kavuri shared a solution
The canceled funds will be returned to the general pool for redistribution