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FTX Sets Sept. 30 Start for $1.6 Billion Third Creditor Payout

A Delaware court’s reduction of disputed reserves enabled the payout despite ongoing challenges over 2022 valuations plus jurisdictional restrictions.

Overview

  • U.S. customers are slated for a 40% payment this round to reach 95% cumulative recovery, FTX.com users get an additional 6% to reach 78%, and general unsecured and digital asset loan claims receive 24% to reach 85%, with convenience claims paid at 120%.
  • Eligible, verified claimants will receive funds via BitGo, Kraken, or Payoneer, typically within one to three business days after the Sept. 30 distribution date.
  • The trust says this round brings total creditor recoveries to more than $8 billion following earlier distributions completed in February and May.
  • An Aug. 15 record-date cutoff governs eligibility for this round, and transferred claims must appear on the official register after a 21‑day notice period before payment.
  • Legal disputes continue over using November 2022 crypto prices to value claims and over roughly $470 million in restricted claims across 49 jurisdictions, with the largest share tied to China.