FTX Trading Ltd. and the FTX Recovery Trust have launched the fifth round of payouts for creditors affected by the exchange’s collapse. On July 31, the company will distribute approximately $900M to users with approved claims who completed all required procedures by June 16. Payments will be processed through BitGo, Kraken, or Payoneer and are expected to arrive within one to three business days.
New Round of Payouts Pushes Overall Recovery Higher
Once this round is complete, most creditors will have recovered more than the value of their approved claims.
International creditors will receive an additional 9%, bringing their total recovery to 105%. U.S. creditors will also reach that level after receiving an additional 5%.
Holders of General Unsecured Claims and Digital Asset Loan Claims will receive an additional 3%, bringing total recoveries for those categories to 103%. Meanwhile, Convenience Class claimants will continue to receive the highest recovery rate at 120%.
FTX Has Already Distributed Nearly $10B
Alongside the fifth round of payouts, the Preferred Shareholder Remission Fund will distribute an additional $18M to former holders of preferred shares. This will bring the fund’s total distributions under the program to $95M.
Since launching the payout process in 2025, FTX has already distributed nearly $10B to creditors and other eligible recipients. The trust will announce the dates of future payout rounds at a later time. To be eligible for future distributions, users must complete KYC verification, submit the required tax documentation, and connect to one of the supported payment providers.
Meanwhile, a day earlier, the U.S. Senate unanimously passed a resolution opposing the possible pardon of FTX founder Sam Bankman-Fried.