FTX Unlocks $1.9B—Is This the Last Chance for Claimants to Cash In Before It’s Too Late?
What if a legal tweak could suddenly unlock nearly two billion dollars for creditors still awaiting their share from FTX’s complex bankruptcy saga? Well, that’s exactly what’s happening. As the Delaware court slices $1.9 billion off the disputed claims reserve, FTX gears up to roll out its third round of distributions, slated for September 30, 2025. This isn’t just another payout; it’s a crucial lifeline for verified creditors, signifying progress in an otherwise convoluted process. With BitGo, Kraken, and Payoneer at the helm of these disbursements, there’s a renewed sense of anticipation—and maybe even a glimmer of hope. Ready to dive deeper into what this means for FTX and its creditors? LEARN MORE.
The $1.9B reduction to FTX’s disputed claims reserve frees up additional funds for verified creditors in the upcoming distribution.
Photo: Dado Ruvic
Key Takeaways
- FTX’s next distribution is expected to begin on September 30, 2025, with BitGo, Kraken, and Payoneer handling disbursements.
- A court-approved $1.9B cut to the disputed claims reserve frees up additional funds for the payout.
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FTX has announced its next major distribution date, setting September 30, 2025, as the expected launch for creditor payouts.
According to a statement released on July 23, the record date for eligibility is August 15, covering allowed claims from Class 5 Customer Entitlement, Class 6 General Unsecured, and new Convenience Claims.
The distribution follows a key development in the bankruptcy proceedings. A Delaware court has authorized a $1.9 billion reduction in the disputed claims reserve, lowering it from $6.5 billion to $4.3 billion. The freed capital will be included in this third round of payouts.
Distributions will be processed through FTX’s service providers: BitGo, Kraken, and Payoneer. Claimants must complete KYC verification, tax submissions, and platform onboarding before the record date.
This marks FTX’s third distribution round. Earlier this year, the exchange initiated its first payout to Convenience Claim holders on February 18, followed by a second $5 billion distribution on May 30.
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