Overview

• U.S. customer claims will receive 40% in this round for 95% cumulative recovery, dotcom customers gain 6% to reach 78%, and general unsecured and digital asset loan claims get 24% to reach 85%, while convenience claims are paid at 120%.
• Eligible creditors must complete KYC and tax forms in the FTX portal and select BitGo, Kraken, or Payoneer to receive funds, which are expected to arrive within one to three business days.
• The payment is the third since the 2022 collapse and follows earlier rounds totaling more than $6 billion, lifting total recoveries to over $8 billion.
• The court reduced the disputed-claims reserve from $6.5 billion to $4.3 billion, enabling this payout, and the August 15 cutoff determines which claims are included in this round.
• Unresolved issues include proposed restrictions on paying creditors in about 49 countries and the continued use of November 2022 prices to value claims, which could influence future distributions.