FTX Creditors Get $1.9B in Third Payout Round This September

FTX Trading Ltd. and the FTX Recovery Trust will start the third round of payments to creditors on September 30, 2025. A Delaware bankruptcy court approved reducing disputed claim reserves by $1.9 billion, making these funds available for distribution.

Creditors must verify their claims by August 15, 2025 to qualify for the September payout. Eligible claimants include customer accounts, general creditors, and convenience claims that have been approved since the previous distributions.

The Delaware court reduced the disputed claims reserve from $6.5 billion to $4.3 billion. The $1.9 billion reduction freed up cash for this distribution round. The remaining $4.3 billion reserve will continue covering unresolved and disputed claims as the bankruptcy proceeds.

Three companies will handle the payouts: BitGo, Kraken, and Payoneer. Creditors must complete identity verification and tax documentation through one of these providers before the August deadline. Any transferred claims need court approval without objections.

Once creditors receive their payments, they will be fully responsible for managing their own funds, according to FTX’s official notice.

This marks the third major distribution by the FTX Recovery Trust. The first payout to Convenience Claim holders occurred on February 18, 2025. The second disbursement totaled over $5 billion on May 30, 2025, both aimed at restoring customer and creditor assets.

FTX collapsed in November 2022 amid liquidity issues and customer fund misuse allegations. The bankruptcy court approved a recovery plan in October 2024, setting aside up to $16.5 billion for creditor repayments.