The FTX third distribution will deliver $1.6 billion to creditors on September 30, executed by the FTX Recovery Trust; payments will cover roughly 78%–120% of pre-collapse holdings and be routed via BitGo, Kraken, and Payoneer to eligible claimants.
$1.6B paid on September 30 to four creditor groups
Distributions range from 78% to 120% of reported FTX holdings at collapse.
Payments executed through BitGo, Kraken, and Payoneer per the FTX Recovery Trust plan.
FTX third distribution: $1.6B to creditors on Sept. 30; confirm eligibility and payout methods with your claim details — read how to prepare.
What is the FTX third distribution and when will it be paid?
The FTX third distribution is a $1.6 billion payout to eligible creditors under the FTX Recovery Trust. The Trust announced the payment will be made on September 30, as the third phase of its recovery plan to restore client value from the 2022 bankruptcy estate.
How will creditors receive funds in the September 30 distribution?
Funds will be delivered via custodial and payout partners BitGo, Kraken, and Payoneer. Four creditor groups will receive distributions ranging from 78% to 120% of their original FTX balances. The FTX Recovery Trust confirmed the payout schedule and methods in a press release from the Trust overseeing the estate.
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Why is the FTX third distribution significant?
The third distribution represents a major milestone in the FTX Recovery Trust’s effort to make creditors whole after the November 2022 collapse. It reduces outstanding creditor exposure and advances the Trust’s phased recovery plan administered by court-appointed fiduciaries and asset-recovery teams led by John J. Ray III.
What caused the FTX insolvency and how does it affect payouts?
FTX collapsed after customer funds were diverted to cover risky positions at Alameda Research, according to court records and testimony from former insiders. High-profile admissions from co-founder Gary Wang, former Alameda CEO Caroline Ellison, and former engineer Nishad Singh supported prosecutorial findings. This mismanagement shaped the size and timing of recoverable assets available for distributions.
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Eligible creditors are those with validated claims in the FTX bankruptcy estate as determined by the FTX Recovery Trust. The Trust published group designations and distribution percentages in its claims reconciliation documents and press materials.
Creditors should verify their claim status with the Trust, confirm payout addresses or accounts on file, and ensure any required identity or compliance documentation is current to avoid delays in the September 30 disbursement.
The FTX third distribution marks a critical step in restoring value to creditors affected by the 2022 collapse. The FTX Recovery Trust, managed by experienced fiduciaries, will execute $1.6 billion in payments on September 30 via designated partners. Creditors should confirm claim details and monitor official Trust communications to ensure smooth receipt of funds.
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