FTX to Pay Creditors $900M on 31 July

FTX to pay creditors $900 million on 31 July

FTX will pay out roughly $900 million (about €830 million) to creditors on 31 July, its fifth repayment round since the 2022 collapse.

The announcement came on 17 July from FTX Trading Ltd. and the FTX Recovery Trust, the entity overseeing the wind-down of the failed exchange. This fifth round adds to four earlier distributions, taking total announced payouts past $9.7 billion. FTX's Chapter 11 plan of reorganisation governs how funds move from the estate to eligible claim holders.

FTX's November 2022 collapse left hundreds of thousands of creditors facing years of uncertainty. Since 2025, the Recovery Trust has gathered more than $14 billion in assets and begun returning them in stages, one of the largest recovery efforts in the history of digital-asset bankruptcies.

This latest round pushes several claim classes above full recovery of their original petition-date value, an unusual outcome for a bankruptcy of this scale. It also marks a further step toward closing out one of the most closely watched crypto insolvencies to date.

Holders of "Dotcom" claims (international customers) will receive a further 9%, lifting cumulative recovery to 105%. US customer claims reach the same level with an additional 5%.

General unsecured claims and digital asset loan claims each rise by 3%, to 103% cumulative. Smaller "convenience" claims, covering accounts under a set threshold, climb to 120%.

To qualify, creditors had to complete identity verification (KYC — a regulatory identity check), submit tax forms, and select a distribution service provider — BitGo, Kraken or Payoneer — before the 16 June 2026 record date. Funds are expected within one to three business days after 31 July. Once a provider is selected, that choice is final: customers direct FTX to pay the provider directly rather than receiving cash themselves.

Transferred claims follow a separate rule: payment only goes to the transferee once the transfer is processed on the official claims register and a 21-day notice period has passed without objection.

FTX also warned creditors about phishing attempts mimicking its official claims portal, reiterating that it will never ask anyone to connect a crypto wallet to release a payment.

A second $18 million payment is due on 31 July for preferred equity holders, bringing their cumulative total to $95 million since outreach began in January 2026. To qualify for future payments, preferred equity holders must submit an ownership certification, complete KYC, and onboard with BitGo or Payoneer. Dates for a sixth distribution have not yet been announced.

FTX is advised by Sullivan & Cromwell as legal counsel and Alvarez & Marsal as financial advisor.