FTX to Make $1.9 Billion Creditor Payout in September
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23-07-2025 23:47:00
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FTX has announced the next milestone in its bankruptcy repayment process. The exchange will initiate its upcoming distribution round on September 30, 2025, with August 15 set as the official record date. The payout will include Class 5 Customer Entitlement Claims, Class 6 General Unsecured Claims, and newly allowed Convenience Claims that have not yet received funds. FTX Announces Next Repayment Date This follows a court-approved move to reduce the disputed claims reserve by $1.9 billion, unlocking more capital for immediate distribution. Like previous repayments, FTX confirmed that BitGo, Kraken, and Payoneer will facilitate the payments. To receive their funds, creditors must complete KYC, submit tax forms, and onboard with one of the approved providers. This marks the third major distribution in 2025. Some $470 million in disputed claims remain frozen for now, including funds linked to accounts in 49 countries. These will be addressed in future rounds, pending court decisions. Recap of FTX’s 2025 Repaymen
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