FTX creditors are currently contesting at least $2.2 billion in disputed claims as they struggle with the approval of repayments. The FTX Recovery Trust initiated a second round of payments on May 30, distributing digital assets to eligible creditors who met pre-distribution requirements. However, approximately $2.25 billion remains disputed from total allowed claims, which exceed $7.5 billion. Many creditors, including those with small claims, have encountered difficulties with the Know Your Customer (KYC) verification process. Users have reported prolonged delays and requests for excessive documentation, creating frustration among those awaiting their repayments. This follows FTX’s recent partnership with Payoneer to facilitate cross-border payments for retail customer payouts. Speculation continues that completing the repayments could positively impact market sentiment and liquidity.

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