- Hundreds of FTX victims to receive $4.3 billion on September 30 after Bankruptcy Court approved disputed claims.
- FTX users must have an allowed claim status to receive funds in two weeks.
- The Bankruptcy Court reduced the approved claims reserve by $1.9 billion.
Ahead of the September 30, 2025, next distribution for FTX funds, the set date for the record date by FTX Recovery Trust is today, August 15. Popular FTX creditor advocate Sunil urged the creditors to look into and confirm the status of their claims. The distribution applies to holders of Class 5 Customer Entitlement Claims, Class 6 General Unsecured Claims, and outstanding Convenience Claims.
The FTX victims must pass today’s record date to receive resolved disputed claims. Notably, the Bankruptcy Court authorized the FTX Recovery Trust to slash the disputed claims by nearly $2 billion to about $4.3 billion.
Who Will Not Receive the Next Distribution for FTX?
As for the pending disputed FTX claims, the creditors will continue to see a waiting status following Friday’s record date. The FTX Recovery Trust previously highlighted that claimants with unverified or pending claims will not be eligible for the next distribution.
The FTX Recovery Trust will also deny creditors who fail in the pre-distribution know-your-customer requirements. Notably, FTX claimants must register with the legally authorized distribution providers, including BitGo, Kraken, and Payoneer.
Related: FTX Top Creditor Activist Recounts Sam Bankman-Fried’s 25-Year Sentencing
Additionally, the FTX creditors who will not receive funds from the next distribution are those who failed to provide required tax documents before today’s record date. Previously, the FTX Recovery Trust highlighted that creditors from restricted jurisdictions will also not receive the next distribution.
Notably, China has the highest number of FTX creditors that are perceived to be from restricted jurisdictions. Others include Russia, Ukraine, and Pakistan, among others. The total amount of FTX funds from restricted jurisdictions amounts to around $470 million.
What Claimants Must Do to Receive Funds
Some FTX creditors have transferred their claims through the available designated exchanges. While the process may result in extra fees, financially drained FTX creditors can have access to fast liquidity through Backpack Exchange, Figure Market, Claims Market, and Xclaim, among other platforms.
The FTX creditors with disputed claims will have to explore more legal channels to receive their funds. Nonetheless, the easing crypto regulatory outlook amid geopolitical certainty promises by President Donald Trump, access to the FTX claims by creditors from restricted jurisdictions may go through in the near future.
Related: A New Phishing Scam Targets FTX Creditors Ahead of the September 30
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
