FTX is set to issue approximately $900 million to eligible creditors on July 31, marking the fifth distribution under its Chapter 11 reorganization plan. This latest payout raises the total announced distributions from FTX's second through fifth rounds to more than $9.7 billion, excluding the initial payment to Convenience Class creditors in February 2025.

Details of the Upcoming Payout

The July 31 distribution will cover allowed claims for both Convenience and Non-Convenience Classes. Creditors needed to complete pre-distribution requirements by the June 16 record date to qualify. Eligible recipients will receive funds through their chosen providers.

  • Class 5A Dotcom Customer Entitlement Claims will gain an additional 9%, bringing cumulative distributions to 105%.
  • U.S. Customer Entitlement Claims will increase by 5%, also hitting 105% cumulatively.
  • General Unsecured Claims and Digital Asset Loan Claims will each receive an extra 3%, totaling 103% distributions.
  • Convenience Claims will have reached cumulative distributions of 120%.

The payout on July 31 will coincide with a payment of $18 million to eligible FTX preferred equity holders who met the June 16 record date. This will bring total preferred shareholder distributions to $95 million.

Historical Payouts and Next Steps

The creditor repayment process started in February 2025. The second distribution in May 2025 disbursed more than $5 billion, followed by around $1.6 billion in September 2025 and approximately $2.2 billion in March 2026 as the fourth distribution.

With the addition of the $900 million planned for July, announced payouts from the second to fifth rounds total at least $9.7 billion. This figure does not include the first Convenience Class distribution from February 2025. FTX has yet to announce record or payment dates for any further distributions.

Following the fifth payout, FTX will file more detailed information on amounts distributed by individual creditor classes with the bankruptcy court. The ongoing repayments reflect FTX's commitment to reimbursing creditors as dictated by the restructuring plan.

This material is for informational purposes and does not constitute financial advice.