FTX to Distribute $900M to Creditors in Fifth Payment Round

The next round of eligible claimants affected by the FTX collapse will receive a combined $900 million within one to three business days starting from July 31.

FTX to Distribute $900M to Creditors in Fifth Payment Round

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Written by

Turner Wright

staff writer

Reviewed by

Robert Lakin

staff editor

Written by

Turner Wright

staff writer

Reviewed by

Robert Lakin

staff editor

FTX to distribute $900M to creditors in fifth payment round

Latest News

Published

Jul 17, 2026

The FTX Recovery Trust and company have distributed about $10 billion since the exchange filed for bankruptcy in November 2022, leaving users cut off from their funds.

The trust behind reimbursing creditors with ties to defunct cryptocurrency exchange FTX announced that its next distribution of funds would start on July 31.

In a Friday notice, the FTX Recovery Trust and crypto exchange

said

that they would distribute about $900 million to claimants in the recovery plan’s “convenience and non-convenience classes.” Eligible creditors can receive funds through their BitGo, Kraken or Payoneer accounts within one to three business days starting from July 31.

The distribution will mark the fifth round of attempts of repaying FTX’s creditors. Convenience claims under $50,000 will receive a 120% reimbursement under FTX’s recovery plan, while others will receive between a 103-105% distribution.

Source:

Sunil Kavuri

Following a March

distribution of $2.2 billion

, the trust has paid out about $10 billion since the company filed for bankruptcy in November 2022 amid a crypto market downturn that resulted in many exchanges filing for Chapter 11 protection. Former FTX executives including CEO Sam “SBF” Bankman-Fried and Ryan Salame, the co-CEO of FTX’s Bahamian affiliate, are still in federal prison as part of their role in the exchange’s misuse of customer funds.

Related:

FTX estate misses out on $3B Cursor stake value after $200K sale in 2023

In May, the law firm Fenwick & West, which advised FTX before its collapse,

agreed to pay $54 million

to settle a class action lawsuit filed by former users. A group of 20 FTX users

sued the law firm for $525 million

just days earlier.

Presidential pardon looking less likely for former FTX CEO

Bankman-Fried, who pleaded not guilty to criminal charges related to his role in the misuse of customer funds at FTX, was found guilty and sentenced to 25 years in prison in 2024. His appeal for his conviction and sentence was

denied last month

after a federal court upheld the New York court ruling.

However, even before the appellate court ruling became public, Bankman-Fried

applied for a pardon

from Donald Trump, something the US president

said

in a January interview that he did not plan on granting. Despite the statement from Trump, this week the US Senate

unanimously adopted a resolution

opposing clemency for the former FTX CEO.

The measure can’t stop Trump from issuing a pardon but reflected bipartisan opposition to the president granting clemency to a convicted felon. Many lawmakers have

criticized the president

issuing a pardon for former Binance CEO Changpeng Zhao after a UAE entity invested $2 billion into the crypto exchange using a stablecoin issued by the Trump family business, World Liberty Financial.

Magazine:

Strategy became a symbol of the dot-com crash: Could history repeat?

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FTX

Cryptocurrency Exchange

Bankruptcy

Sam Bankman-Fried

Industry

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