<ul><li>FTX has initiated the second phase of returning funds to its users.</li><li>Convenience class creditors are being prioritized initially for fund disbursement.</li><li>Customers without certain verification steps might also receive some crypto refunds.</li><li>The distribution aims to benefit both convenience and non-convenience class creditors.</li><li>Verification processes were essential for creditors to be included in this fund distribution.</li><li>FTX warns users against phishing scams amidst the distribution process.</li><li>The exchange emphasizes caution with emails and links claiming to be from FTX.</li><li>The second distribution is a crucial step in the ongoing bankruptcy recovery for FTX creditors.</li><li>FTX's efforts to engage with creditors transparently are vital for rebuilding trust.</li><li>The distribution signifies progress in the recovery process amidst challenges in the crypto landscape.</li></ul>

FTX Begins Second Phase of $5 Billion Fund Distribution to Creditors

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