FTX announced on Wednesday that it expects to start distributing the next round of creditor payouts on September 30, with August 15 set as the record date for eligible claims holders.
The Bankruptcy Court has approved reducing the claims reserve from $6.5 billion to $4.3 billion, freeing $1.9 billion for disbursement, though the exact amount for the September 30 payout was not disclosed in the press release.
FTX has already returned around $6.2 billion across two prior distributions: $1.2 billion in February and $5 billion in May. As per its Chapter 11 plan, total repayments are expected to reach between $14.7 billion and $16.5 billion, depending on the valuation of different claim types.
It is estimated that 98% of creditors will receive at least 119% of their original claim value at the date of bankruptcy. However, some creditors have voiced concerns while noting that the crypto market has significantly gained since FTX’s collapse in 2022.
Distributions will be made via BitGo, Kraken, and Payoneer. Many traders expect that these payouts could inject fresh liquidity into the broader crypto market, particularly among altcoins.
In a related development, the FTX Recovery Trust filed a motion on July 4 seeking court approval for new measures to manage creditor claims in so‑called restricted jurisdictions abroad. The motion aimed to forfeit and reverse claims in countries where payout may be illegal, such as China, Russia, Saudi Arabia, and Pakistan. However, creditors in those regions raised formal objections.
At a hearing this week, the court accepted the objections and ordered FTX to amend the motion. In the revised proposal, FTX has now removed the clause allowing “immediate” claim forfeiture while adding an option to transfer claims via another jurisdiction, as noted in an X post by user FTX Historian.