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FTX Sets August 15 for Next Creditor Payout Registration

FTX Sets August 15 for Next Creditor Payout Registration

FTX will initiate its next cash distribution to creditors on September 30, 2025, following a court-approved reduction in its disputed claims reserve to $4.3 billion.

Summary

FTX has confirmed that it will begin distributing cash to creditors on September 30, 2025, with a record date of August 15 for eligible claimants. This follows a $1.9 billion reduction in the disputed claims reserve, now totaling $4.3 billion. Claimants must complete KYC verification and onboard with BitGo, Kraken, or Payoneer to receive payments. To date, FTX has repaid nearly $6.2 billion to creditors during its restructuring process after filing for bankruptcy in November 2022.

Terms & Concepts
  • KYC: Know Your Customer; a process of verifying the identity of clients to prevent fraud.
  • BitGo: A digital asset custody and security platform that provides multi-signature wallets and other services.
  • Payoneer: A financial services company that provides online money transfer and digital payment services.