FTX Trading Ltd. and the FTX Recovery Trust plan to release roughly $900 million to creditors in the fifth major payout since the exchange collapsed in 2022. The distribution is set to begin July 31, 2026, and covers eligible holders of allowed claims in both the Convenience and Non-Convenience Classes who met the requirements by the June 16 Record Date.
Who qualifies for the payout
The payment applies to creditors whose claims were allowed and who satisfied the conditions by the mid-June cutoff. The Convenience Class typically covers smaller claims, while the Non-Convenience Class includes larger ones. The trust has not disclosed the exact number of creditors in this round or the average payout size.
Potential distribution partners
Bitgo and Kraken are named as potential partners to help process the payments. Both firms have experience handling crypto asset distributions for bankrupt exchanges. The trust has not confirmed which platform will be used or whether creditors will have a choice.
What comes next
The July 31, 2026 date is more than two years away. Creditors who missed the June 16 Record Date will have to wait for future distributions. The trust has not announced a schedule beyond this fifth round, nor has it said how much of the remaining estate will be returned in total.
