FTX will distribute approximately $900 million to eligible creditors on July 31, marking the bankrupt crypto exchange’s fifth distribution under its Chapter 11 reorganization plan.
The latest payout will take announced distributions across FTX’s second through fifth repayment rounds to at least $9.7 billion. The figure excludes the initial February 2025 distribution to Convenience Class creditors, for which FTX did not specify an aggregate amount.
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FTX creditors to receive another $900 million
FTX and the FTX Recovery Trust announced on July 17 that the fifth distribution will cover eligible holders of allowed claims across Convenience and Non-Convenience Classes.
To qualify, creditors must have completed the required pre-distribution steps by the June 16 record date. Eligible creditors should receive their funds through their selected provider.
Under the latest distribution, allowed Class 5A Dotcom Customer Entitlement Claims will receive an additional 9%, taking cumulative distributions to 105%.
U.S. Customer Entitlement Claims will receive an additional 5%, bringing the cumulative total to 105%. General Unsecured Claims and Digital Asset Loan Claims will each receive 3%, bringing their cumulative distributions to 103%.
Convenience Claims, meanwhile, will have received cumulative distributions of 120%.
Announced FTX distributions cross $9.7 billion
The latest announcement extends a creditor repayment process that began in February 2025.
FTX’s second distribution, completed in May 2025, involved more than $5 billion, followed by approximately $1.6 billion in September. The Recovery Trust subsequently announced another approximately $2.2 billion for its fourth distribution in March 2026.
Including the $900 million scheduled for July, FTX has therefore announced at least $9.7 billion across its second through fifth distributions.
The total amount distributed or scheduled since repayments began is higher, as that calculation excludes FTX’s first distribution to Convenience Class creditors in February 2025.
FTX has not yet announced the record or payment dates for its next distribution.
Preferred shareholders also set for second payment
The July 31 distribution will coincide with another payment to eligible FTX preferred equity holders.
The Preferred Shareholder Remission Fund Trust will distribute $18 million to eligible holders who met the requirements by the June 16 record date.
The latest payment will bring total distributions from the fund to $95 million.
FTX said additional details showing the amounts distributed by individual creditor classes will be filed with the bankruptcy court shortly after the July 31 payment.
Final Summary
- FTX will distribute approximately $900 million to eligible creditors on July 31, bringing announced payouts across its second through fifth distribution rounds to over $9.7 billion.
- Following the fifth distribution, Dotcom and U.S. customer claims will have reached 105% cumulative distributions, while Convenience Claims will stand at 120%.
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