The bankrupt cryptocurrency exchange FTX is facing renewed scrutiny from users who are fighting for at least $2.2 billion in disputed claims that are still pending approval, as many creditors continue to strive for the approval of their repayments.

FTX's recovery trust fund began its second round of payments on May 30, returning over $5 billion in digital assets to qualified creditors who have completed the pre-allocation requirements.

According to estimates shared by Sunil, a member of the FTX creditors and customers' ad hoc committee, there are still at least $2.25 billion in disputed repayments.

Sunil wrote in a post on X on June 11: "Current allowed claims: $7.5 billion. Expected total allowed claims: $10.6 billion. 30% of allowed claims are disputed—legitimate claims will be allowed."

In an interview with Cointelegraph, Sunil stated that FTX's estate also holds an additional $6.5 billion reserve for disputed claims, which is likely to be paid out in the next distribution. He added:

"I expect most disputed claims to be allowed in the next distribution."

Sunil also mentioned: "However, there is significant uncertainty regarding claims from Chinese users, which account for 8% of the bankruptcy claims." He added that it is difficult to predict the timeline for these payments before announcing support for a distribution provider in China.

Cointelegraph has reached out to FTX for comments on the timing of the next round of repayments and clarification on pending claims.

The first round of FTX creditor payments distributed $1.2 billion to claimants with amounts less than $50,000 on February 18.

The day before this news was released, FTX partnered with a third-party payment distribution service provider. On Tuesday, FTX added Payoneer as its third distribution partner, alongside BitGo and Kraken. Payoneer provides cross-border payment services in over 190 countries and is expected to primarily assist retail customers with payments.

Several FTX creditors reported encountering issues during the "Know Your Customer" (KYC) verification process required to complete repayments.

X user Big Penger wrote in a reply on June 11: "Is there any information about the pending KYC in the Bahamas? No response for 5 months."

FTX creditor Sal Wins stated: "I was asked to provide multiple pieces of evidence for my sources of income. I feel like I'm on trial, and I really don't understand why they are interrogating me so much." He added that his claim amount is less than $5,000.

Some cryptocurrency investors speculate that the full scope of FTX's repayments could bring significant sentiment and liquidity boosts, potentially providing more upward momentum for the cryptocurrency market.

Related: Michael Saylor dismisses concerns about the crypto winter, stating that Bitcoin (BTC) "will reach $1 million."

Original article: “FTX Faces New Scrutiny as Users Fight for $2.2 Billion in Disputed Bankruptcy Claims”

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