FTX announced it will commence its third distribution to creditors on September 30, 2025, releasing approximately $1.6 billion. The move is the next step in the company’s Chapter 11 Plan of Reorganization, returning funds to customers and creditors affected by the exchange’s collapse.
The official statement says that creditors who are qualified and have met all the requirements, such as Know Your Customer (KYC) verification and onboarding with a designated service provider, should get their money within one to three business days of the distribution date. BitGo, Kraken, or Payoneer will be used to handle the funds.
Distribution Breakdown
The distribution percentages vary by creditor class, with some groups nearing a full recovery of their funds. Following this third payout, holders of Dotcom Customer Entitlement Claims (Class 5A) will have received a cumulative total of 78% of their allowed claim amount.
In a notable development, U.S. Customer Entitlement Claims (Class 5B) will reach a 95% cumulative distribution. Meanwhile, General Unsecured Claims and Digital Asset Loan Claims (Classes 6A and 6B) will both reach an 85% total recovery. Convenience Claims (Class 7) are set for a 120% distribution, as detailed in the FTX claims portal. This structured payout is part of the ongoing legal process managed through the U.S. Bankruptcy Court.
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