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FTX Recovery Trust to Start $1.6 Billion Third Creditor Payout on Sept. 30

A Delaware court’s reduction of the disputed‑claims reserve unlocked funds for payment.

Overview

  • Payments will be routed through BitGo, Kraken or Payoneer to verified claimants, with delivery expected within one to three business days after the release.
  • Allocations are set at 40% for U.S. customer claims (about 95% cumulative), 6% for dotcom customers (78% cumulative), 24% for general unsecured and digital asset loan claims (85% cumulative), and 120% for convenience claims.
  • Creditors must complete KYC and tax forms in the FTX Customer Portal, select a distributor, pass sanctions screening, and ensure any transferred claims have cleared the 21‑day notice period.
  • This marks the third distribution of 2025 following earlier rounds that returned over $6 billion, with additional funds held in reserve for still‑contested claims.
  • Active disputes include the use of November 2022 crypto prices to value claims and proposed restrictions on roughly $470 million in claims across 49 jurisdictions, with China representing the largest share.