FTX’s bankruptcy estate is scheduled to commence a third major distribution of recovered assets on September 30, 2025, with $1.6 billion allocated for verified creditors. This latest payout follows two prior distributions that cumulatively returned more than $6 billion. Creditors who have completed verification via the FTX claims portal will receive funds through service providers BitGo, Kraken or Payoneer, with deposits expected within three business days of the distribution start date.
Allocation percentages for this round include 40% of claims for U.S. retail account holders, raising total recovery to 95% of principal, and 6% for “dotcom” customers of the exchange’s international arm, bringing aggregate distributions to 78%. General unsecured claims and digital asset loan positions are slated for a 24% payout, resulting in an 85% cumulative recovery. Convenience claims—small-ticket claims by retail customers—will be paid in full at 120% of face value, exceeding original balances to compensate for accrued interest and processing delays.
The FTX Recovery Trust, overseen by the appointed bankruptcy trustee, has systematically liquidated assets including crypto holdings, equity stakes and real estate. Proceeds from these sales fund creditor distributions and administrative expenses. Sam Bankman-Fried, FTX’s founder, remains incarcerated after his conviction on multiple fraud and conspiracy counts related to misappropriation of customer funds.
Industry observers regard the ongoing distributions as important milestones in restoring confidence in exchange custody frameworks. The structured repayment plan underscores the complexity of unwinding one of the largest failures in digital asset history and offers a blueprint for creditor recovery efforts in future market stress scenarios.
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