FTX to Start Next Creditor Payout in September Following Court Approval

Key Points

1. FTX announced the next disbursement date for eligible claims will be on August 15, 2025, with payments expected to begin around September 30, 2025.

2. The disputed claims reserve has been reduced from $6.5 billion to $4.3 billion.

3. Payments will be made through BitGo, Kraken, and Payoneer, and only verified claim holders who complete KYC by the August record date will receive funds.

4. FTX has returned approximately $6.2 billion to former customers across two major rounds, with an overall repayment plan aiming to distribute between $14.7 billion and $16.5 billion.

5. The FTX Recovery Trust filed a motion on July 4 to exclude customers in 49 restricted jurisdictions, including China, which accounts for 82% of $800 million in disputed claims, sparking backlash from Chinese creditors.