The second phase of FTX repayments is expected to take place in Q2, with the first phase of approximately $7 billion in repayments coming soon

ChainCatcher message, FTX creditor representative Sunil disclosed that FTX has sent email notifications to customers who did not meet the requirements for the first round of asset distribution. Customers who failed to participate in the first round distribution on February 18, 2025, include: customer claims under review, customers with claims exceeding $50,000, and customers who have not completed KYC, tax, and distributor-related requirements.

These customers will be included in subsequent distribution plans after completing the relevant requirements, which are expected to take place in the second quarter of 2025.