FTX, the bankrupt cryptocurrency exchange, will distribute nearly $900 million to creditors on July 31, 2026, advancing its ongoing restructuring process.
Details of the Payment Distribution
This fifth payout round targets creditors with approved claims under the Convenience and Non-Convenience classes who met the June 16 registration deadline. Payments will be processed through BitGo, Kraken, or Payoneer, with funds expected to reach recipients within one to three business days after the payout date.
Preferred shareholders eligible for payments will also receive a second distribution on the same day. Class 5A holders of Dotcom customer receivables will get an additional 9%, pushing their total recovery to 105%. Similarly, Class 5B representing US customer claims will get 5%, likewise reaching 105% overall.
Other classes including 6A and 6B, covering unsecured and digital asset loan receivables, will receive 3% more, bringing their cumulative payout to 103%. Meanwhile, Class 7 Convenience Claims, comprising smaller claims, will reach a cumulative 120% payout.
Requirements for Future Participation
FTX reminded customers and payees that to join future distributions, they must complete identity verification, submit tax documentation, and register with one of the designated payment platforms before deadlines set for upcoming rounds. Subsequent registration and payment dates will be announced later.
This material is for informational purposes only and does not constitute financial advice.
