FTX has initiated the second round of over $5 billion USD in redemptions. Qualified creditors will receive their funds within 1 to 3 business days.

BlockBeats News, May 31, FTX announced today that it has begun distributing the second round of over $5 billion in allocation to "Convenient" and "Non-Convenient" creditors who have completed the pre-allocation requirements. Customers are expected to receive the funds within 1 to 3 business days starting today.