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FTX Bankruptcy Team Rejects Claims from Non-Compliant Creditors Amid KYC Crackdown
In a recent development, the FTX bankruptcy team has rejected claims from non-compliant creditors amidst a heightened focus on Know Your Customer (KYC) compliance. This decision comes as a significant blow to creditors who failed to meet the required standards, leaving them with limited options.
According to reports, the FTX bankruptcy team has decided to exclude all non-compliant creditors from receiving any distribution of funds in the ongoing bankruptcy proceedings. This move is seen as a step towards improving transparency and accountability within the cryptocurrency space.
The decision comes amid mounting concerns over the risks associated with unverified transactions and the need for enhanced KYC measures to prevent illicit activities.
FTX’s downfall has left numerous creditors seeking compensation, but the bankruptcy team’s decision highlights the importance of adhering to regulatory guidelines.
Source: https://cryptoslate.com/ftx-bankruptcy-team-rejects-claims-from-non-compliant-creditors-amid-kyc-crackdown/
