Overview

• Payments will be routed through BitGo, Kraken or Payoneer and are expected to arrive within one to three business days after the distribution date.
• U.S. customer claims receive 40% in this round (95% cumulative), dotcom customers get 6% (78% cumulative), general unsecured and digital asset loan claims each get 24% (85% cumulative), and convenience claims are paid at 120%.
• The court reduced FTX’s disputed-claims reserve from $6.5 billion to $4.3 billion, enabling the $1.6 billion September 30 distribution.
• With two prior rounds totaling about $6.2 billion, this tranche takes total recoveries to more than $8 billion.
• Disputes continue over roughly $470 million in restricted claims across 49 jurisdictions, and many creditors object to payouts valued using November 2022 crypto prices.