The distribution follows the company's Chapter 11 Plan of Reorganization, prioritizing different claim tiers. Class 5A Dotcom and Class 5B U.S. customer claims are set to receive incremental payouts, bringing their cumulative recovery to 105 percent. Meanwhile, General Unsecured and Digital Asset Loan claims will reach a 103 percent cumulative return, while Convenience Claims are slated for a 120 percent recovery.
FTX to Distribute $900 Million to Creditors on July 31
FTX will initiate its fifth wave of creditor distributions on July 31, 2026, marking a significant milestone in the exchange's bankruptcy recovery process. The payout, totaling approximately $900 million, targets various classes of allowed claims, with eligible creditors receiving funds through BitGo, Kraken, or Payoneer within three business days.
Alongside the creditor payments, the Preferred Shareholder Remission Fund Trust is issuing its second round of disbursements. This $18 million payment to eligible preferred equity holders brings total distributions from the trust to $95 million. To qualify for these or future payments, creditors and shareholders must complete mandatory KYC verification and tax documentation via the official FTX portal. The company continues to warn users against phishing attempts, emphasizing that official channels will never request users to connect their personal digital wallets.
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