FTX Updates Customer Claims Portal: Tax Info Submission and KYC Verification Required for Creditors

COINOTAG reported on September 16 that FTX has announced a new functionality for its creditors. Those with access to the FTX customer claims portal can now submit their tax information directly on the platform. Compliance requires that users furnish the necessary details on either IRS Form W-9 or IRS Form W-8, depending on their tax status. It is essential to complete the KYC verification process to avail this feature. Without adhering to these requirements, distribution will be restricted. Users are encouraged to ensure documentation is accurate to avoid any delays. This move underscores FTX’s commitment to regulatory compliance and operational transparency.