Some FTX creditors in The Bahamas have now been verified, unlocking eligibility for future distributions. KYC hurdles and UK/EU-style regulations have delayed $290 million in approved claims. Residents from 49 countries, including China, could be excluded from distributions. A breakthrough for FTX creditors has emerged this week, as multiple claimants were officially verified under the separate Bahamas legal process, marking a long-awaited step forward. Creditor representative Sunil Kavuri confirmed the development on July 22, stating that those verified will be included in future distributions. FTX Bahamas: KYC Good news: Some FTX creditors have finally been verified in the Bahamas process The record date has not been announced for the next distribution so those verified will be included pic.twitter.com/rAifeFw6BD — Sunil (FTX Creditor Champion) (@sunil_trades) July 22, 2025 The slow but steady progress in the Bahamas The process in The Bahamas has been burdensome due to the region’s adherence to UK/EU-style regulatory frameworks. Additional Know Your Customer (KYC) procedures have slowed claim approvals, leaving an estimated $290 million in validat… The post FTX Creditors Claims Update: Bahamas Claims Approved, US Hearing Underway appeared first on Coin Edition .