FTX Unlocks $1.9B—Is This the Last Chance for Claimants to Cash In Before It’s Too Late?
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.
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