FTX Opens Claims Portal; Crypto’s ‘Indiana Jones’
The insolvent trading platform for digital currencies, FTX Derivatives Exchange, has opened a “Claim” page that will allow all of its creditors to formally submit claims as one of the first stages in regaining their frozen cash from the trading platform.
The action follows the current FTX management’s recovery of more than $7 billion.
The obvious beneficiary of this move is the defunct trading platform’s native token FTT, which has recorded a 17.27% growth over the past 24 hours, with a current price tag of $1.65
The claim portal is accessible via the claims.ftx.com platform. The user interface of this portal is simplified in a one-pager to enable anyone to navigate the platform easily.
The Good Samaritan is played by none other than Conor Grogan, the head of product at Coinbase. He detailed the discovery in a recent Twit.
When the Ethereum blockchain forked in 2016, Ethereum Classic was created. Any investor who held the now-standard Ether on-chain was airdropped an identical amount of ETC. Many never touched these new funds, said Grogan.
Grogan’s painstaking efforts helped him reach the actual owner, informing him about the bounty lying idle in his wallet.
In the end, he managed to contact the legal name associated with the wallet and “made his day”.
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