FTX News: Next Distribution Set on 30th Sep After Today’s Record Date
Main Idea
FTX creditors with allowed claims will receive funds on September 30, 2025, following the record date of August 15, 2025, while disputed claims were reduced by $1.9 billion.
Key Points
1. FTX users must have an allowed claim status to receive funds in the September 30, 2025 distribution.
2. The Bankruptcy Court reduced the approved claims reserve by $1.9 billion, bringing disputed claims down to about $4.3 billion.
3. Creditors who fail to meet know-your-customer (KYC) requirements or are from restricted jurisdictions (e.g., China, Russia, Ukraine, Pakistan) will not receive the next distribution.
4. The total amount of FTX funds from restricted jurisdictions is approximately $470 million.
5. Some FTX creditors have transferred their claims through platforms like Backpack Exchange, Figure Market, and Xclaim.
Description
Hundreds of FTX victims to receive $4.3 billion on September 30 after Bankruptcy Court approved disputed claims. FTX users must have an allowed claim status to receive funds in two weeks. The Bankruptcy Court reduced the approved claims reserve by $1.9 billion. Ahead of the September 30, 2025, next distribution for FTX funds, the set date for the record date by FTX Recovery Trust is today, August 15. Popular FTX creditor advocate Sunil urged the creditors to look into and confirm the status of t...
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