ChainCatcher news, according to Cointelegraph, estimates from Sunil, a member of the special committee for FTX creditors and customers, indicate that out of the currently allowed over $7.5 billion in claims, approximately $2.25 billion in repayments remain disputed.It is reported that FTX is facing a new round of scrutiny from users who are fighting for at least $2.2 billion worth of disputed claims. However, these claims are still pending approval, and many creditors are still working to obtain repayment approval, but it is expected that most disputed claims will be allowed in the next distribution.

ChainCatcher news, FTX creditor representative Sunil stated on social media, "FTX creditors have received distribution payments from FTX in their Kraken accounts."ChainCatcher previously reported that FTX announced on the X platform that it has launched the second phase of the user repayment program, expecting to distribute over $5 billion to creditors, who will receive the funds within 1 to 3 business days starting today.

ChainCatcher News, the U.S. Department of Justice has charged 12 individuals with stealing over $263 million in cryptocurrency. These suspects are linked to a previous investigation in which scammers stole over $243 million from a creditor of Genesis. According to crypto detective ZachXBT last year, a creditor of the now-defunct Genesis was deceived by a group of scammers who stole $243 million in digital assets and then redirected them through a crypto mixer.U.S. courts stated that several of the 12 suspects were arrested this week in California, while two others are currently still abroad, possibly residing in Dubai.

ChainCatcher news, according to Cointelegraph, over 90% of the voting creditors voted in favor of the restructuring plan for the Indian cryptocurrency exchange WazirX after the platform's hack, which aims to repay debts through liquid assets and a recovery token pool.WazirX co-founder and CEO Nischal Shetty stated that once the plan is approved, recovering the stolen assets is the "primary focus." However, he noted that profit sharing is an additional measure the company hopes to use to compensate users.

ChainCatcher news, Cointelegraph reported that FTX creditors must now submit their KYC verification by the new deadline of June 1, 2025, or their claims may be rejected.

ChainCatcher news, according to official sources, Terraform Labs has opened its cryptocurrency creditor claims portal. Previously, the company filed for bankruptcy restructuring in January 2024, a bankruptcy filing stemming from the collapse of its $40 billion ecosystem in 2022.Eligible creditors must complete registration on the "Cryptocurrency Loss Claims Portal" by April 30, 2025, otherwise, claims will not be accepted.

ChainCatcher news, Cointelegraph reported that FTX will start using its $11.4 billion cash reserve to repay major creditors on May 30. Small creditors have already begun to receive payments.

ChainCatcher news, according to FTX creditor representative Sunil, scammers have recently impersonated FTX to send phishing emails to creditors. Sunil reminds creditors:Do not click on links in the emails, as these links may lead to fake claims portals;Check the sender's address;Access the official claims portal or official address directly, rather than through email links;Verify information through X and Telegram channels. Sunil urges all FTX creditors to remain vigilant against such scams.

ChainCatcher news, FTX creditor representative Sunil posted on social media that Kraken has begun sending emails to FTX users, confirming that the next round of FTX payout distribution is scheduled for May 30, 2025. This distribution covers claims both below and above $50,000.

ChainCatcher news, FTX creditor representative Sunil stated that the FTX Estate sold 41 million locked SOL in three bankruptcy auctions, with the buyers being:Galaxy + clients (Defiance): the largest buyer, acquiring 25.5 million locked SOL at an average price of $64;Pantera + others: locked SOL purchased at an average price of about $95;Figure + others: locked SOL purchased at an average price of about $102.FTX also sold approximately 14 million unlocked SOL at an average price of about $20 - $30.The total unrealized profit for the buyers from FTX's three bankruptcy auctions is currently about $2.9302 billion (calculated at the current SOL price of $143).

ChainCatcher news, FTX creditor representative Sunil revealed that currently many FTX claim users come from jurisdictions that are temporarily unable to participate in the distribution, including: Russia, China, Egypt, Nigeria, and Ukraine. FTX is reviewing relevant solutions. Among them, the number of users from China is the largest, accounting for 8% of the total customer base.

ChainCatcher news, according to Bitcoin News, Kraken has completed the initial fund distribution of FTX assets, compensating over 46,000 creditors.It is reported that FTX plans to start repaying $16 billion to creditors on February 18, 2025, with the first phase repaying $6.5-7 billion. Payments are based on prices from November 2022.

ChainCatcher news, according to Arkham monitoring, FTX has begun to distribute funds to creditors with claims under $50,000 through two distribution service providers, Kraken and BitGo. The total amount of claims involved in this round of distribution is approximately $1.2 billion.

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.

ChainCatcher news, Indian cryptocurrency exchange WazirX announced on platform X that the next key step is to vote on the proposed restructuring plan.Voting period: Scheduled to take place from March 19, 2025, to March 28, 2025. Asset rebalancing distribution: After the rebalancing is completed, if the majority of creditors vote in favor, approximately 85% of the account balances of the scheme creditors will be distributed within 10 working days after the restructuring plan takes effect (valued as of July 18, 2024, at 1 PM IST).

ChainCatcher news, according to Cointelegraph, FTX will begin repaying $16 billion to creditors on February 18, 2025, with the first phase repaying $6.5-7 billion. Payments are based on prices from November 2022.

ChainCatcher message, WazirX posted on X: "We have published the preliminary creditor list and the July 18 page within the WazirX application to provide complete transparency in the restructuring process.The preliminary creditor list allows creditors to check their claim amounts (in USD) using a unique UUID. The list is sorted in descending order by claim value and can be searched using the UUID, and also provides a 'Find My Balance' option for easy access. Additionally, creditors can submit a verification request during the checking process to verify another creditor's claim;July 18 page: Creditors can now view a snapshot of their balances as of 1 PM (IST) on July 18, 2024, including token balances and deposits after this date. Links to this page have been added to the funds section and the application homepage.These updates ensure that all creditors are aware of their claims and comply with the planned process."

ChainCatcher news, according to FTX creditor representative Sunil, FTX has sent emails to creditors with claims under $50,000, notifying them about the initial allocation of funds. These creditors need to register through allocation service providers (such as Bitgo or Kraken) and authorize the service providers to receive and disburse the allocated funds on their behalf. Currently, FTX has transferred the first batch of funds to these allocation service providers.At the same time, some creditors have reported disputes regarding the status of their claims on the FTX creditor portal. It is reported that creditors with claims under $50,000 still have approximately $345 million in claims that have not completed KYC verification.Previously, it was announced that FTX would start repaying creditors on February 18, 2025.

ChainCatcher news, according to FTX creditor representative Sunil, FTX has sent emails to creditors with claims of less than $50,000, notifying them about the initial allocation of funds. These creditors need to register through allocation service providers (such as Bitgo or Kraken) and authorize the providers to receive and disburse the allocation funds on their behalf. Currently, FTX has transferred the first batch of funds to these allocation service providers.At the same time, some creditors show that their claim status is disputed on the FTX creditor portal. Creditors with claims of less than $50,000 still have approximately $345 million in claims that have not completed KYC verification.