Thousands of FTX creditors risk forfeiting a collective $2.5 billion in claims after failing to meet a key Know Your Customer (KYC) deadline required for participation in the collapsed exchange’s bankruptcy recovery process.

The deadline, which required creditors to verify their identities through FTX’s designated platform, was part of court-approved procedures aimed at ensuring compliance and streamlining the payout process. Those who missed the cutoff may now be excluded from receiving distributions, despite having filed valid claims.

FTX’s restructuring team had issued multiple reminders ahead of the deadline, warning that failure to complete KYC could result in disqualification. The platform’s terms of distribution emphasize regulatory obligations and the need to confirm user identities before funds can be released.

With creditor payouts expected to begin later this year, the exclusion of non-compliant claimants could significantly impact the final distribution pool. Legal experts note that while there may be limited recourse for those who missed the deadline, further legal action or appeals could still arise.

The development marks another dramatic twist in the FTX bankruptcy saga, highlighting the complexities of asset recovery in one of crypto’s largest corporate collapses.

Memecoin platform Pump.fun has reinstated its popular livestream feature, allowing users to once again track real-time token launches and market activity across the Solana-based ecosystem. The move comes as retail interest in memecoins continues to surge, with the platform playing a central role in driving viral token creation.

The livestream had previously been disabled due to overwhelming traffic and infrastructure constraints. Its return reflects both improved backend capacity and a response to user demand for more interactive, real-time insights into the platform’s fast-paced environment.

Pump.fun enables users to launch tokens with minimal technical knowledge, contributing to a flood of micro-cap coins and community-driven speculation. The livestream gives users a dynamic view of new listings, price action, and trending tokens as they emerge.

As memecoin trading grows more competitive — and increasingly chaotic — Pump.fun’s decision to bring back the feature reinforces its position as a hub for the next generation of decentralized, meme-fueled market experiments.

The crypto market is experiencing heightened volatility following what supporters have dubbed Donald Trump’s “Liberation Day” — a symbolic turning point in his legal battles and political resurgence. While the former U.S. president has not officially returned to office, the phrase has gained traction online, fueling speculation, optimism, and concern across the digital asset space.

Market analysts report mixed signals, with some investors viewing a potential Trump comeback as bullish for crypto due to his increasingly pro-crypto rhetoric and promises of deregulation. Others, however, warn that the surrounding political chaos and legal uncertainty could hinder broader institutional confidence and delay regulatory clarity.

Bitcoin and other major cryptocurrencies have seen short-term surges followed by pullbacks, reflecting the market’s confusion over what a Trump-fueled narrative might mean in practice.

While crypto communities online are energized, the path forward remains murky. Investors are now watching closely for policy shifts, campaign developments, and regulatory signals that could define the next chapter in the ongoing intersection between U.S. politics and digital assets.