<ul><li>FTX, the bankrupt crypto exchange, has canceled nearly 392,000 customer claims worth $2.5 billion due to failure to complete required identity checks.</li><li>Unverified customers are ineligible to receive any funds from the bankruptcy estate assets.</li><li>FTX has prioritized large claims in the upcoming payment round, which will include both large and small outstanding claims.</li><li>FTX aims to repay verified creditors using the recovered assets of $11.4 billion.</li></ul>

FTX Cancels Nearly 392,000 Customer Claims Over KYC Failure

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