FTX to Release $900 Million in Fifth Creditor Distribution on July 31

FTX will release roughly $900 million to eligible creditors on July 31, 2026, marking another major step in its bankruptcy repayment process. The latest payout follows the company’s court-approved restructuring plan and continues efforts to compensate customers and other claimants after the exchange’s collapse. 

Eligible recipients who completed verification and onboarding requirements before the June 16 record date should receive funds through BitGo, Kraken, or Payoneer within three business days. Consequently, the distribution pushes several creditor classes above full principal recovery.

Creditor Payouts Reach New Milestones

The fifth distribution raises cumulative recoveries for Dotcom and U.S. customer entitlement claims to 105%. Additionally, general unsecured claims and digital asset loan claims will reach cumulative recoveries of 103%. 

Convenience claims will climb to a total recovery of 120%, reflecting the priorities established under FTX’s reorganization plan. Besides, future distributions will continue after FTX announces additional record and payment dates.

Verification Remains Essential for Future Payments

FTX reminded customers that future distributions require completed KYC verification, tax documentation, and enrollment with an approved distribution provider. Moreover, transferred claims must appear on the official claims register before the applicable record date. 

Separately, eligible preferred equity holders will receive an additional $18 million on July 31. Hence, total payments from the Preferred Shareholder Remission Fund Trust will increase to $95 million, extending FTX’s broader recovery program.

Related: SBI Holdings Buys Majority Stake in Coinhako to Expand Southeast Asia Crypto Operations