Overview
- Payments begin September 30 for verified claimants, with funds delivered via BitGo, Kraken or Payoneer and expected to arrive within one to three business days.
- U.S. customer claims receive an additional 40% for 95% cumulative recovery, Dotcom customers get 6% for 78% cumulative, and general unsecured plus digital asset loan claims get 24% for 85% cumulative.
- Convenience claims are set for a 120% payout in this round, reflecting the plan’s structured distributions by claim class.
- The $1.6 billion release is the third major distribution since FTX’s 2022 collapse, following earlier rounds that have returned over $6 billion to creditors.
- Estate disclosures cited more than $15 billion recovered through cash, token sales and asset disposals, while CoinGecko data show FTT gained about 22% over seven days, peaking near $1.13 on September 18.