If, nonetheless, the funds don’t find yourself being recovered and the trade will get shut down (as we’ve seen with Mt. Gox, QuadrigaCX, BTC-E, Cryptsy, Celsius and so many others), I’d advocate classifying tokens misplaced on FTX as nugatory funding losses, and taking a capital loss within the yr that it’s decided that the tokens are deemed nugatory.
Methods to Report FTX Crypto Losses on Your Taxes
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