FTX Phase 2 Settlement is expected to take place in Q2, with the first phase settling around $7 billion soon.

BlockBeats News, February 14, FTX creditor representative Sunil disclosed that FTX has sent email notifications to customers who did not meet the requirements for the first-round asset distribution. Customers who were unable to participate in the February 18, 2025, first-round distribution include: customers with pending claims, customers with claims exceeding $50,000, and customers who have not completed KYC, tax, and dealer-related requirements. These customers, upon completing the relevant requirements, will be included in a subsequent distribution plan scheduled for the second quarter of 2025.

BlockBeats previously reported that the scale of FTX's Phase 1 repayment amount is between $65 billion and $70 billion, scheduled to commence on February 18, 2025. The repayment price will be calculated based on the price level in November 2022.