FTX to Distribute $1.6 Billion to Creditors on September 30, 2025
FTX announced it will start its third distribution to creditors on September 30, 2025. The company plans to release about $1.6 billion as part of its Chapter 11 Plan of Reorganization. This step aims to return funds to customers and creditors affected by the exchange’s collapse.
According to an official statement, qualified creditors who have completed all requirements will receive their payments within one to three business days after the distribution date. These requirements include Know Your Customer (KYC) verification and onboarding with a designated service provider. The funds will be handled through BitGo, Kraken, or Payoneer.
Distribution Details by Creditor Class
The payout percentages differ across creditor classes. Some groups are close to full recovery of their funds. After this third distribution:
- Dotcom Customer Entitlement Claims (Class 5A) will have received 78% of their allowed claim amount.
- U.S. Customer Entitlement Claims (Class 5B) will reach a 95% cumulative distribution.
- General Unsecured Claims and Digital Asset Loan Claims (Classes 6A and 6B) will each reach 85% total recovery.
- Convenience Claims (Class 7) will receive a 120% distribution.
These payouts follow the legal process overseen by the U.S. Bankruptcy Court. More information is available on the FTX claims portal.
