FTX to Launch Fifth Round of Creditor Distributions on July 31, Approximately $900 Million
2026-07-17 21:47
Odaily Planet Daily News FTX Recovery Trust and FTX announced that the next round of fund distributions will begin on July 31, allocating approximately $900 million to holders of Convenience Class and other claims under the reorganization plan. Eligible creditors can receive funds within 1 to 3 business days via their BitGo, Kraken, or Payoneer accounts.
This distribution marks the fifth round of repayments to FTX creditors. According to the FTX reorganization plan, Convenience Class claims under $50,000 will receive a 120% payout, while other claims will receive between 103% and 105%.
Since FTX filed for bankruptcy in November 2022, the FTX Recovery Trust has distributed approximately $10 billion. Former FTX CEO Sam “SBF” Bankman-Fried was sentenced to 25 years in prison in 2024, and his appeal against his conviction and sentence was dismissed last month.
This distribution marks the fifth round of repayments to FTX creditors. According to the FTX reorganization plan, Convenience Class claims under $50,000 will receive a 120% payout, while other claims will receive between 103% and 105%.
Since FTX filed for bankruptcy in November 2022, the FTX Recovery Trust has distributed approximately $10 billion. Former FTX CEO Sam “SBF” Bankman-Fried was sentenced to 25 years in prison in 2024, and his appeal against his conviction and sentence was dismissed last month.
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