FTX victims must file claims by October 1, 2026, to receive refunds as part of the bankruptcy proceedings. The deadline applies to customers and creditors who lost funds in the 2022 collapse. Eligible claims will be paid in cash or cryptocurrency based on the value at the time of filing. Separately, El Salvador has launched the 'Bitcoin Bank for the Poor,' a state-backed institution to provide Bitcoin-backed loans and financial services to unbanked citizens. The bank aims to increase financial inclusion and leverage the country's Bitcoin reserves. Critics warn of volatility risks, while supporters see it as a model for developing nations.

Key facts

• FTX refund deadline: October 1, 2026 for creditors and customers.
• El Salvador launches Bitcoin bank for the unbanked citizens.
• Bank offers Bitcoin-backed loans to promote financial inclusion.
• Critics cite volatility, supporters see model for developing nations.

KeyAudit data perspective