- FTX, led by the Recovery Trust, distributes $1.9 billion to creditors.
- Distributions are based on November 2022 asset values.
- Restricted jurisdiction claims remain excluded pending further review.
FTX is set to start distributing $1.9 billion to eligible creditors on September 30, 2025, following the Delaware U.S. Bankruptcy Court’s approval.
FTX’s $1.9 billion payout to creditors marks a crucial phase in recovery, affecting financial stability and market perceptions.
FTX Trading Ltd. and the FTX Recovery Trust are set to distribute $1.9 billion to creditors. The court-managed process begins on September 30, 2025. This payout follows the company’s previous distributions in February and May 2025.
The distribution will be conducted in USD instead of proprietary crypto assets. Sunil Kavuri, an FTX creditor advocate, highlighted ongoing procedural updates affecting certain jurisdictions.
FTX Trading Ltd. and the FTX Recovery Trust have announced the next phase of cash distributions to creditors, set to begin on or around September 30, 2025…
Approximately $6.2 billion already repaid to creditors reflects a significant adjustment to FTX’s financial positioning. Payments align with the asset valuations from November 2022, unaffected by recent crypto price surges.
Distributions are routed through BitGo, Kraken, and Payoneer, utilizing a mix of past and current financial practices. These actions shape creditor expectations amid ongoing procedural revisions and regulatory considerations.
Legal and financial developments remain pivotal for stakeholders.
