A group of FTX customers seeking priority repayment of roughly $1.6 billion locked in their custody wallet on the bankrupt FTX exchange, the Financial Times reported.

Eversheds Sutherland — a law firm representing the affected FTX clients — will petition the Delaware bankruptcy court to approve faster repayment for its clients on the basis that the customers’ funds are custody assets, which are not a part of FTX’s bankruptcy estate.

Eversheds Sutherland said its clients held approximately $1.6 billion as custody assets on FTX which should be prioritized in the repayment process.

Counsel to Eversheds Sutherland Erin Broderick said: “If the assets belong to the customer, there is no line. It’s just their assets.”

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