According to documents submitted by FTX in the US bankruptcy court in Delaware, nearly 392000 customer claims totaling over $2.5 billion were cancelled due to failure to complete KYC verification by March 3rd. FTX creditor advocate Sunil Kavuri estimates that this includes $655 million in small claims (less than $50000) and $1.9 billion in large claims, accounting for a portion of the estimated $3.36 billion in cancelled claims. FTX stated that this move was due to the previous management's failure to collect key user data. The company has raised $11.4 billion for distribution and will begin paying its major creditors on May 30th, with full cash recovery based on the asset value at the time of the November 2022 crash. (DLNews) http://(wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=40534