FTX will reject claims related to verification errors amounting to approximately $2.5 billion.

According to BlockBeats news on April 5, FTX stated that it has canceled approximately $2.5 billion in customer claims due to nearly 400,000 users failing to complete identity verification (KYC) before March 3. According to documents from the Delaware bankruptcy court on April 2, 392,000 claims have been fully rejected and removed, involving up to 2,377 pages of content. Although the initial estimate for the total amount of unverified claims was around $1 billion, creditor representative Sunil Kavuri indicated that the actual amount could exceed $2.5 billion, which includes $655 million in small claims and $1.9 billion in large claims. These canceled claims are part of the total disputed claims of $33.6 billion that FTX expects to reject. FTX stated that this process is crucial for addressing the failures of the previous management in user data collection and due diligence.