FTX to Release $900 Million in Fifth Creditor Distribution on July 31
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FTX will release roughly $900 million to eligible creditors on July 31, 2026 under a court-approved restructuring plan, marking the fifth distribution and a significant milestone in the exchange's bankruptcy recovery. Recipients who completed verification by the June 16 record date will receive funds via BitGo, Kraken or Payoneer within three business days, and the payout lifts cumulative recoveries to 105% for Dotcom and U.S. customer entitlement claims and 103% for general unsecured and digital asset loan claims.
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FTX will release roughly $900 million to eligible creditors on July 31, 2026, marking another major step in its bankruptcy repayment process. The latest payout follows the company’s court-approved restructuring plan and continues efforts to compensate customers and other claimants after the exchange’s collapse.
Eligible recipients who completed verification and onboarding requirements before the June 16 record date should receive funds through BitGo, Kraken, or Payoneer within three business days. Consequently, the distribution pushes several creditor classes above full principal recovery.
Creditor Payouts Reach New Milestones
The fifth distribution raises cumulative recoveries for Dotcom and U.S. customer entitlement claims to 105%. Additionally, general unsecured claims and digital asset loan claims will reach cumulative recoveries of 103%.
Convenience claims wil…
Read The Full Article FTX to Release $900 Million in Fifth Creditor Distribution on July 31 On Coin Edition.
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