FTX Estate Sends $900M in Fifth Creditor Payout, Total Near $10B

Some creditors from earlier rounds have reported receiving funds within days of the payout announcement. Others, particularly those with smaller claims or those in jurisdictions with additional compliance requirements, have faced longer wait times. The estate has said it aims to treat all classes equitably but has not committed to a fixed timeline for full resolution.

What remains unclear is how many more rounds will be needed. The estate has not projected a total number of distributions or a completion date. Creditors who have not yet received anything are watching for the next announcement, which the estate has not scheduled.

The FTX case has become a test for how U.S. bankruptcy law handles digital-asset exchanges. The sheer size of the estate – billions in claims, assets scattered across global exchanges, and a mix of crypto and fiat – has forced the court to adapt procedures. The pace of nearly $10 billion in two years is faster than many comparable large-scale bankruptcies, though the estate still faces unresolved claims from some customers and from a separate dispute over assets held by the exchange's Bahamian affiliate.

The fifth distribution is expected to settle over the coming weeks. No date has been set for a sixth round.