FTX to Distribute $1.9B to Creditors in Next Payout Round
FTX Prepares for Third Round of Distributions
FTX has announced that its next major distribution to creditors is expected to begin on September 30, 2025. This move follows a Delaware court's approval to reduce the disputed claims reserve by $1.9 billion, freeing up additional capital for payouts.
Key Dates and Eligibility
The record date for eligibility is set for August 15. This covers allowed claims from:
- Class 5 Customer Entitlement
- Class 6 General Unsecured
- New Convenience Claims
Distribution Details
The distributions will be managed by FTX’s service providers:
- BitGo
- Kraken
- Payoneer
To be eligible, claimants must complete KYC verification, tax submissions, and platform onboarding before the record date.
Previous Distributions
This marks FTX’s third distribution round. The exchange previously initiated:
- First payout to Convenience Claim holders on February 18
- Second $5 billion distribution on May 30
Strengthening Blockchain Security with Codeum
As the blockchain landscape evolves, ensuring the security and integrity of cryptocurrency platforms is paramount. At Codeum, we're dedicated to enhancing trust and transparency in the blockchain space. Our services include:
- Smart contract audits
- KYC verification
- Custom smart contract and DApp development
- Tokenomics and security consultation
- Partnerships with launchpads and crypto agencies
Codeum is committed to building a safer blockchain environment for all users.