FTX to Distribute $1.6 Billion to Creditors from 30 September

Creditors who complete required verification on FTX’s claims portal and comply with tax documentation will receive payouts via service providers BitGo, Kraken, or Payoneer. Funds are expected to arrive in accounts within three business days after distribution.

Class-5B U. S. customer entitlement claims will receive 40% in this round, elevating their cumulative recovery to 95%. “Dotcom” customers will obtain an additional 6%, bringing their total recovery to 78%. General unsecured and digital asset loan claims will be paid 24%, lifting them to 85% total recovery. Convenience claims will be paid at 120%, exceeding their original declared amounts.

To date, over $6 billion has been repaid to creditors across prior distributions under the plan.

The distributions are being overseen by the FTX Recovery Trust, which is executing on its court-approved strategy to restore assets and settle claims. The plan reflects a structured priority of classes: senior claims and verified claims first, with smaller or “convenience” classes handled in earlier rounds. Sam Bankman-Fried, FTX’s founder, is serving a 25-year sentence for fraud and conspiracy tied to the exchange’s collapse.