FTX has initiated its second round of payments to creditors, distributing over $5 billion to those who met pre-distribution criteria. These payouts are targeted at holders within the Convenience and Non-Convenience Classes of FTX’s Plan. The exchange states that these funds will be reflected in accounts within one to three business days. FTX previously announced the second round payout plan which includes 72% for Dotcom Customer Entitlement Claims, 54% for US Customer Entitlement Claims, and 61% each for General Unsecured Claims and Digital Asset Loan Claims. 120% will be paid to Convenience Class customers. The funds are being distributed through Kraken and Bitgo, the exchange’s distribution service partners. FTX also advises customers to remain vigilant against phishing emails or scams mimicking the FTX Customer Portal. The impact of these reimbursements on the cryptocurrency market is significant as investors anticipate changes in asset prices following distributions. Crypto speculators are closely watching how these funds might flow back into the crypto markets after receiving them.