FTX will send out roughly $900 million to creditors on July 31, the fifth distribution since the exchange collapsed in 2022. The payout covers international and US customers, other groups, and small accounts — most of whom will recover more than their original claim. The wind-down, led by John Ray III, has now returned about $10 billion across prior rounds, including $2.2 billion in March.
The fifth payout
International customers and US customers will each get 105% of their claim. Other groups will receive 103%. Small accounts — claims under $50,000 — are getting 120%. The recovery includes 9% annual interest dating back to November 2022. Preferred shareholders will also get a second payment of $18 million on July 31, bringing their total to $95 million.
Where the money came from
The estate gathered over $14 billion, including $1.3 billion from selling FTX's stake in Anthropic. That haul, plus asset recoveries and litigation, funded the distributions. Claims are valued at 2022 prices, which means many creditors lost out compared to holding crypto through the subsequent price run-ups.
Caveats for creditors
Bought claims — claims purchased from original creditors — must wait 21 days before they qualify for distribution. FTX also warned about scams, saying it will never ask creditors to connect a wallet. No date or size has been set for the sixth payout, though the wind-down continues.
