FTX is set to begin its next round of creditor repayments on September 30, releasing up to $1.9 billion following a recent court decision that reduced the company’s claims reserve.
In a Wednesday update, the bankrupt crypto exchange confirmed the payout date, with August 15 marked as the record date for claim holders. This means only those with verified claims by that date will be eligible for the upcoming distribution.
FTX
The latest court ruling approved a reduction in FTX’s claims reserve from $6.5 billion to $4.3 billion, unlocking $1.9 billion for disbursement. While the company hasn’t detailed how much of that amount will be paid out specifically on Sept. 30, this marks the third round of repayments to former customers.
To date, FTX has distributed $6.2 billion: $1.2 billion in February and $5 billion in May. The broader repayment effort aims to return between $14.7 billion and $16.5 billion to former customers and creditors, with payouts based on claim type and valuation at the time of the company's collapse in 2022.
Roughly 98% of creditors are expected to recover at least 119% of their original claims, according to FTX. However, some have voiced frustration that the current plan does not account for the significant rebound in crypto prices since FTX filed for bankruptcy. Many feel their claims undervalue the crypto assets they held during the collapse.
Today’s FTX Hearing Summary:
— FTX Historian (@historian_ftx) July 22, 2025
For creditors in a “restricted jurisdiction” (like China, possibly Russia):
Their funds will not be immediately forfeited as originally proposed by the FTX Recovery;
They may have options of moving claim to a non-restricted country
The payments will be facilitated via BitGo, Kraken, and Payoneer, offering former users a range of options for receiving funds. Analysts and traders anticipate that the fresh liquidity could have a ripple effect in the crypto market—particularly for altcoins—as recipients reinvest their recovered funds.
Meanwhile, FTX’s ongoing legal efforts continue to draw scrutiny. Earlier this month, the FTX Recovery Trust filed a motion seeking approval to restrict claim distributions in certain overseas jurisdictions deemed non-compliant or legally restricted. The proposal initially aimed to forfeit claims in countries like China, Saudi Arabia, and Pakistan.
However, that motion sparked backlash, with creditors from those regions objecting to the immediate loss of their rights. At a recent hearing, the court acknowledged those concerns and directed FTX to revise the proposal. The revised version removes the clause calling for “immediate” forfeitures and instead allows creditors in restricted countries to transfer their claims to eligible jurisdictions for processing.
