FTX to distribute $900M to creditors in fifth round
FTX will distribute $900M to creditors in a fifth payment round beginning July 31, 2026. The FTX Recovery Trust says eligible claimants in convenience and non-convenience classes can receive funds through BitGo, Kraken or Payoneer within one to three business days. The latest ftx distribute 900m creditors payout follows roughly $10 billion already returned since the exchange’s November 2022 bankruptcy filing.
Key Takeaways
- About $900 million will go out starting July 31, 2026, in FTX’s fifth creditor distribution.
- Eligible creditors can receive funds via BitGo, Kraken or Payoneer within one to three business days.
- Convenience claims under $50,000 are set for a 120% reimbursement; other claims are slated for about 103–105%.
- The trust has paid out about $10 billion since FTX filed for bankruptcy in November 2022, including a $2.2 billion March distribution.
For readers tracking bankruptcy recoveries and exchange fallout, BlasterPost’s Fintech & Crypto Alerts coverage follows how estates return capital after major crypto collapses.
When will creditors get the $900 million?
According to a Friday notice covered by Cointelegraph, the FTX Recovery Trust and the company said the next distribution would start on July 31.
Eligible creditors can receive funds through their BitGo, Kraken or Payoneer accounts within one to three business days from that start date. The payout covers claimants in the recovery plan’s convenience and non-convenience classes.
How much can different FTX claimants recover?
Under FTX’s recovery plan, convenience claims under $50,000 will receive a 120% reimbursement. Other claimants are set to receive between a 103% and 105% distribution.
Those figures help explain why the fifth round matters: many creditors are not only reclaiming principal but seeing recovery above 100% of allowed claim value under the plan’s terms.
How much has FTX already paid since bankruptcy?
Following a March distribution of $2.2 billion, the trust has paid out about $10 billion since FTX filed for bankruptcy in November 2022. That filing came amid a crypto market downturn that pushed multiple exchanges into Chapter 11.
Former FTX executives, including CEO Sam Bankman-Fried and Ryan Salame, co-CEO of FTX’s Bahamian affiliate, remain in federal prison over the misuse of customer funds. Bankman-Fried was sentenced to 25 years in 2024; his appeal was denied last month.
Separately, the U.S. Senate this week unanimously adopted a resolution opposing clemency for Bankman-Fried after he sought a presidential pardon—context that keeps the collapse in the public eye even as cash keeps flowing back to creditors.