FTX to Pay Creditors Another $900M in Fifth Bankruptcy Distribution
FTX to Pay Creditors Another $900M in Fifth Bankruptcy Distribution.
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FTX will begin distributing approximately $900 million to creditors on July 31, extending a bankruptcy repayment process that has now returned nearly $10 billion since payouts started in 2025.
The fifth distribution covers eligible Convenience and Non-Convenience claim holders who completed the required steps by the June 16 record date. Funds are expected to arrive via BitGo (NYSE: $BTGO), Kraken, or Payoneer within 1 to 3 business days.
Dotcom customer claims will receive an additional 9%, lifting cumulative recoveries to 105% of their allowed value. U.S. customer claims will receive an additional 5% to reach the same level, while general unsecured and digital asset loan claims will each receive 3%, bringing cumulative distributions to 103%.
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Convenience claims will reach a cumulative recovery of 120%.
The round follows a $2.2 billion distribution in March and keeps the FTX estate on a regular payout schedule as remaining claims move through Chapter 11. Eligible creditors must complete Know Your Customer checks, submit tax forms and onboard with an approved distribution provider.
A separate $18 million payment will be made to eligible preferred equity holders on July 31, bringing total payments from the Preferred Shareholder Remission Fund Trust to $95 million.
FTX repeated its warning over phishing emails and imitation claims portals, telling customers that it will never ask them to connect a crypto wallet. The caution remains part of the repayment process as former users wait for funds across multiple rounds.
The recovery percentages now exceed allowed claim values for several creditor classes, but the calculation remains tied to dollar-denominated prices set around FTX's November 2022 collapse. Creditors are receiving more than the bankruptcy value of their claims, though not the full upside from the crypto market's recovery since then.
FTX's repayment phase is moving closer to completion, but the gap between bankruptcy value and recovered asset upside continues to shape how former customers view the outcome.
Sinergia Empresarial continuará el seguimiento de esta información sobre fTX to Pay Creditors Another $900M in Fifth Bankruptcy Distribution y ampliará la cobertura conforme se confirmen nuevos elementos relevantes para el ecosistema empresarial.