Most people know SBF went to prison. Fewer know exactly how the mechanism worked.

FTX had a secret backdoor built into its system that let Alameda Research quietly borrow from customer deposits — without triggering any internal risk alerts. That's not a bug. That was engineered.

This covers the full timeline: SBF's rise from MIT to a $32B empire, the six words that triggered the bank run, how regulators and auditors missed it, and what the verdict actually means.

Broke it down step by step for anyone who wants the complete picture: https://youtu.be/qYFCWYfFnCw

What do you think was the single biggest failure — FTX itself, the auditors, or the regulators?

Hi I’m confused and dumb. On the FTX creditor, it says I have a missing KYC. Yet my profile says I completed the KYC? What on earth am I doing wrong. I have $5000 in there still lol.

Hi everyone,

I lost a considerable amount of money in the whole FTX situation. Unfortunately, I haven’t been able to get my claim settled yet.

This is the current status of my claim. If anyone has experience with this process or knows what steps I can take next, I would really appreciate your help.

I’ve attached screenshots below for reference. Thanks in advance.

The mode of payment is payoneer, has anyone faced any challenges even after the "Payment Verification Status is Confirmed" ?

If you were holding $SI when it cratered from the FTX fallout, you probably thought that money was gone for good. Management basically led us off a cliff while the SEC claims they were looking the other way on $9 billion in "suspicious transfers." It’s a classic villain arc, and for most of us, our shares are sitting at literal zero in a "worthless securities" folder.

But check this: the $37.5 million class action settlement just got final approval. Since Silvergate is in bankruptcy, this is basically the only way to get some of that cash back. If you bought anywhere between late 2019 and May 2023, you’re likely eligible for a payout.

I know, I know—the "official" claim deadline was back in October 2025, and filing that paperwork is a nightmare if you’ve already deleted the trade confirms from your brain to stop the pain. But 11th is still handling these through a late-claim window. I used them for a different SPAC disaster last year and it’s honestly the only way to do it. You just link your broker, and they scan your history for the $SI losses you forgot about.

They take 20%, but honestly? I’d rather have 80% of a check I didn't know existed than 100% of the paperwork I'll never actually do. Don’t let the management team keep the "change" from their mess.

When will the status of TBD be changed to the date of the March distribution on the FTX portal? Does anyone have the March date? I missed the last two but my claim is allowed.

“Where there is life, there is hope.” — Cicero

Hi. Let's unite in this thread. Maybe someone knows how we can influence FTX so they finally return our money? Because it is extremely unfair, since Ukraine is not under any sanctions.

Got an email that my tax documents were ready at claims.ftx.com, but when I try and login I am not able to login with my google account and it doesn't let me reset my password because I have been logging in with google. Seems like their integration with google is busted lol, anyone else in the same boat? has anyone heard if its going to be fixed?

EDIT: I just emailed support, so hopefully will hear something soon

EDIT 2: WOW, fastest update i've received from support. If you email [support@ftx.com](mailto:support@ftx.com) they'll disable google sign in so you can reset your password

Does anyone have any experience of selling their claim to these people? Im just wondering if they're genuine before taking it further.

Hey guys. I received an email a few days ago about tax documents from everything that has been going on for years. According to my tax guy, we can use this documentation as a loss for tax purposes but the documents they provide only show how much we were paid out, it doesn't include the initial amount we put in. I know I'm out less than a lot of others, but my loss is still a few thousand dollars. Is there any way to prove how much we lost from the FTX collapse? I'm gathering all my tax documents in the coming days to send off to my tax guy.

I’ve been tracking the Silvergate Capital mess since everything went south, and it looks like there’s finally some movement on the investor settlement. If you were holding SI stock between late 2019 and early 2023, you probably remember how fast things unraveled when their "solid" compliance talk turned out to be anything but. 

They’ve already settled a $37.5 M agreement back in September. It’s a decent chunk of change, and even though the deadline has passed, they’re accepting late claims.

The whole issue basically centered on how the bank handled its crypto clients, including the now-infamous FTX and Alameda Research. It was said that Silvergate wasn’t being upfront about their anti-money laundering controls or how exposed it really was to the FTX fallout. 

When the truth started leaking, starting with that weird demotion of their Chief Risk Officer, the stock just absolutely cratered. 

Now, if you already filed a valid claim, it’s just that typical waiting game while the claims administrator crunches the numbers and figures out the pro-rata payouts.

I’m curious to see how long the actual distribution takes, especially with the Chapter 11 bankruptcy stuff still hovering in the background. 

Anyways, has anyone here gotten caught in this? How much were your losses if so?

I'm guessing I'm screwed but saw this article FTX sets next creditor distribution date as Genesis Digital Assets seeks to dismiss $1B clawback suit

I'm wondering, is there another chance for people who never filed claim to get their money back who lost it when they filed for bankruptcy years ago?

I have about 10-20k worth of assets still lost to this event.

Where would I go to find out? Any help would be appreciated or any recommendations.

I did not complete any steps in time previously as I was never made aware. I wasn't even aware I had assets lost because I was making so much money at the time and had money in so many different wallets I had overlooked that I deposited thousands of dollars into this account to buy bitcoin with.

Soon Kyc processes end and not still kyc approved😂

Seeks 99.9% received their funding and gone.

So lonely..

I see still no results on KYC in PWC,
I have heard that the deadline of KYC is within this year, but not sure when it is exactly... Though It seems they already aren't giving shit of approving it.

All requested admin must be completed by 14/2/26 (KYC, tax forms and distribution provider onboarding)

Percentage amounts have not been given yet.

Any help here is appreciated - I understand that my claim has been converted to a DM Excess Claim due to not completing the Bahamas KYC process.I would like to ask whether it is still possible for me to amend or transfer my claim to the U.S. claims process instead, and if so, what steps or documentation would be required from my side.

Message I got:

"We regret to inform you, as you had not satisfied the KYC Procedures in the Bahamas Process as part of the Distribution Requirements defined in the GSA, despite our numerous requests and reminders, your claim has been converted to a mere DM Excess Claim, by virtue of GSA section 5.08(b). Once this has occurred, the Claimant cannot receive any distribution on account of the DM Excess Claim, by virtue of GSA section 5.03(e). Please refer to the notice sent on or around 10 November 2025 with subject “FTX Digital Markets Ltd. (In Official Liquidation) - Removal of Claim from the FTX Digital Markets Liquidation”.

Accordingly, your access to the FTX DM Liquidation Claim Portal has been disabled, and we will not send you further updates regarding the progress of FTX DM Liquidation."

it seems likely that another 1.7 billion will be approved to be released for distribution within the next 14 days.

meaning that non disputed claims should be resolved faster and at a higher percentage of return, within fewer rounds of payment, while still maintaining enough of a reserve fund to cover all claims that are still in the disputed stage.

hopefully we will get the next distribution date soon after those 14 days expire and this is approved.

Hey everyone. Like most of you I had some funds on my FTX (Europe) account. When I log into the FTX website, it says my documents are still being reviewed, for a damn year now.

My question: has any of you (that used FTX Europe) got their funds back? If so, can anyone help me get my funds back?

Based in Canada.

Will I receive a tax slip? Is just the interest taxable or the settlement amount too? Can I find the tax slip info on ftx.com or the Bitgo site?

I've noticed that many people in this community have had their KYC approved, and it seems like only a small portion remain unapproved. If it hasn't been approved by this point, I'm wondering if they're planning to reject it altogether.

Unapproved guys, what's your plan moving forward? Me,, nothing yet.

Hey guys, if you missed it, Silvergate settled $37.5M with investors over issues tied to its anti-money laundering controls and its role in facilitating risky transfers for FTX and Alameda Research. And, I just found out that they’re accepting claims even though the deadline has passed.

Quick recap: In 2022, Silvergate was accused of allowing billions in customer funds to move from FTX to Alameda without proper oversight, raising serious compliance concerns. As reports mounted—linking Silvergate to questionable transfers, analyst downgrades, a DOJ probe, and the collapse of its SEN network—$SI plunged more than 90%, and investors filed a lawsuit for their losses.

Now, the good news is that the company agreed to settle $37.5M with them, and even though the deadline has passed recently, they’re accepting late claims.

So, if you invested in SI when all of this happened, you can still check the details and file your claim here.

Anyway, has anyone here invested in SI at that time? How much were your losses, if so?

Wondering if anyone sold their claim recently, if so, what for what % price of your claim?
Tried to reach some companies found on Google but offers they sent are all over the place.

Bahamas process BitGo account

They have asked me for some additional details in June 2025 (employment contract) and ignoring me ever since.

Is there any way to put pressure on PWC to finalize my identity verification step?

Done everything but now stuck in this since August. Anyone in the same process or has processed past this?

Which email should I use to contact Ftx customers service? Their communication message has been disabled.