FTX will start its fifth round of creditor payouts under the Chapter 11 plan on Friday, July 31, 2025, distributing roughly $900 million. Eligible creditors include holders of allowed Convenience and Non-Convenience claims who met the June 16 record date and all pre-distribution requirements.
What each class gets
Holders of allowed Class 5A Dotcom Customer Entitlement Claims will receive an incremental 9% payment, bringing their cumulative recovery to 105%. Class 5B U.S. Customer Entitlement Claims get a 5% payment, also cumulative 105%. Classes 6A General Unsecured Claims and 6B Digital Asset Loan Claims each receive 3%, cumulative 103%. Class 7 Convenience Claims get a 120% cumulative distribution. Actual class percentages may vary slightly due to rounding.
How and when payments arrive
Funds will be sent through BitGo, Kraken, or Payoneer within one to three business days from July 31. The addition of Payoneer offers limited relief, though FTX continues to exclude Nigeria and China from creditor repayments.
Eligibility gates and deadlines
Claim allowance and payment readiness are separate gates. A claim may be allowed even if the holder hasn't submitted a valid tax form, completed provider onboarding, or passed sanctions screening by the record date. But missing any applicable June 16 eligibility or pre-distribution requirement means the holder will receive no July 31 payment.
For allowed claim holders awaiting successful provider onboarding, July 31 opens a six-month window. If onboarding remains incomplete throughout that period, the holder may forfeit the right to receive distributions. Failure to submit a valid tax form within the Plan's timeframe can also forfeit the distribution.
Separate payments for preferred shareholders and Bahamas process
The Preferred Shareholder Remission Fund Trust will make a separate $18 million second payment to eligible preferred-equity holders, bringing total payments to $95 million. FTX Digital Markets administers the Bahamas process separately; eligible non-convenience and catch-up distributions are expected to begin July 31, with the rate to be confirmed later. The $900 million figure applies only to the Chapter 11 creditor distribution; preferred-equity and Bahamas processes have distinct terms.
The company's fourth creditor distribution, of roughly $2.2 billion, took place on March 31, 2026.
