FTX to Distribute Another $900 Million Under Bankruptcy Repayment Plan

Highlights:

• FTX will distribute approximately $900 million to eligible creditors on July 31 through approved payment providers.
• Eligible creditors should receive payments within one to three business days through BitGo, Kraken, or Payoneer.
• Only creditors meeting June 16 record-date requirements and completing verification steps will qualify for the payment.

FTX will begin its fifth creditor distribution of approximately $900 million on July 31, as the collapsed crypto exchange continues repayments under its Chapter 11 reorganization plan. FTX Trading Ltd. and the FTX Recovery Trust announced the payment on July 17. Eligible creditors who completed the required steps by the June 16 record date should receive their money through BitGo, Kraken, or Payoneer within one to three business days.

FTX filed for Chapter 11 bankruptcy in Delaware on November 11, 2022, after a wave of customer withdrawals left the crypto exchange unable to meet its financial obligations. The bankruptcy filing included FTX.com, FTX US, Alameda Research and more than 100 affiliated companies. Sam Bankman-Fried stepped down as chief executive that same day, and restructuring expert John J. Ray III took over the company.

Under FTX’s court-approved reorganization plan, the company estimated that between $14.7 billion and $16.5 billion in recovered assets could be available for distribution to creditors. FTX also said around 98% of creditors, based on the total number of claims, could receive approximately 119% of their approved claim value. However, the final amount depends on eligibility checks, claim verification, and other requirements under the repayment plan.

FTX to Distribute About $900 Million to Creditors in Fifth Payout on July 31

FTX will begin its fifth creditor distribution on July 31, paying approximately $900 million to holders of allowed claims in the Convenience and Non-Convenience Classes under its reorganization plan who… pic.twitter.com/GUbsmVcRhg

— Wu Blockchain (@WuBlockchain) July 17, 2026

Previous FTX Distributions Reached Billions of Dollars

FTX began repayments on February 18, 2025, but did not disclose the total amount distributed in the first round. It later paid more than $5 billion in May 2025, about $1.6 billion in September 2025, and another $2.2 billion in March 2026. Therefore, the second, third, and fourth announced distributions totaled more than $8.8 billion. Including the approximately $900 million fifth distribution scheduled for July 31 would bring the combined announced amount to more than $9.7 billion. The figure does not include the undisclosed amount paid during the first distribution.

FTX Details Payment Percentages for Creditor Classes

The fifth FTX creditor distribution will provide different payment percentages based on each claim category under the reorganization plan. Holders of Class 5A Dotcom Customer Entitlement Claims will receive an additional 9%, bringing their cumulative distribution to 105%.

Meanwhile, holders of Class 5B U.S. Customer Entitlement Claims will receive 5%, also taking their cumulative distribution to 105%. Class 6A General Unsecured Claims and Class 6B Digital Asset Loan Claims will each receive another 3%, bringing their cumulative payments to 103%.

Class 7 Convenience Claims will reach a cumulative distribution of 120%. FTX noted that the final percentages may vary slightly because of rounding. The company plans to file more details about the amounts distributed to each creditor class after the July 31 payment.

Creditors Must Complete KYC and Tax Requirements

Creditors who want to qualify for later FTX repayments must complete several steps before the relevant record date. Customers must log in to the official FTX Customer Portal, complete Know Your Customer verification, submit the required tax forms, and onboard with BitGo, Kraken or Payoneer.

FTX also clarified that customers who selected a distribution provider gave up the right to receive cash directly from FTX. Instead, they instructed FTX to send the payment to their chosen provider. Therefore, customers should contact that provider if they have questions about when the money will become available in their accounts.

For transferred claims, FTX will pay only the new holder listed on the official claims register. The transfer must also complete the required 21-day notice period without an objection. Customers whose claims are being handled by FTX Digital Markets will receive separate distribution information.

In addition, eligible preferred equity holders will receive $18 million on July 31. The payment will raise total distributions from the Preferred Shareholder Remission Fund Trust to $95 million. FTX also warned customers about phishing emails and fake claims websites, stressing that it will never ask users to connect their crypto wallets.