Crypto▲ Bullish
FTX to Pay $900M in Fifth Creditor Round Starting July 31
FTX plans $900M in creditor payouts starting July 31, its fifth round. Convenience claims under $50K get 120% of value. Total repayments near $10 billion since 2025.
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The FTX Recovery Trust will distribute roughly $900 million to eligible creditors starting July 31, the firm said Friday, marking the fifth major payout since the exchange's 2022 collapse.
Creditors can receive funds through BitGo, Kraken, or Payoneer. The trust expects settlement within one to three business days of the start date.
The payouts fall into two buckets. Convenience class claims – those under $50,000 – get 120% of their original value. Non-convenience claims, covering larger or more complex cases, will recover between 103% and 105% of filed amounts. Retail investors have typically received 118% to 142% above their asset valuations as of the bankruptcy filing.
A key detail: those percentages use the U.S. dollar value of assets at the November 2022 filing, not current crypto prices. That methodology has drawn criticism from creditors who wanted their coins back in kind.
In March, FTX released $2.2 billion to creditors. After this round, total repayments will reach nearly $10 billion since distributions started in 2025.
The bankruptcy estate opened Chapter 11 proceedings in November 2022, freezing customer accounts as a broader crypto market crisis felled multiple platforms.