FTX has announced the next milestone in its bankruptcy repayment process. The exchange will begin the upcoming distribution round on 30/09/2025, with 15/08 designated as the official recording date.
The payment will include Class 5 Customer Benefit Claims, Class 6 General Unsecured Claims, and newly approved Convenience Claims that have not yet received funds.
FTX Announces Next Repayment Date
This follows a court-approved move to reduce disputed claims reserve to $1.9 billion, unlocking additional capital for immediate distribution.
Similar to previous repayments, FTX confirmed that BitGo, Kraken and Payoneer will support payments. To receive funds, creditors must complete KYC, submit tax forms, and register with an approved provider.
This marks the third large distribution in 2025.
Approximately $470 million in disputed claims remain frozen at this time, including funds related to accounts in 49 countries. These will be resolved in subsequent rounds, pending court decisions.
Summary of FTX Repayments up to 2025
FTX began repayments early this year, aiming to return over $14.5 billion to creditors.
On 18/02, FTX issued the first payment for Convenience Claims (claims under $50,000). These creditors received 100% of their original claim plus ~9% interest, calculated from the bankruptcy filing date.
On 30/05, the exchange launched the second round, distributing over $5 billion across various claim classes.
The 30/09 distribution round will transfer funds to creditors who have resolved disputes and passed legal or procedural barriers.
FTX emphasized that only approved and registered claims are eligible. Transferred claims must meet strict criteria and appear on the official registry before the 15/08 deadline.
Meanwhile, FTX founder Sam Bankman-Fried remains in custody. Recently, he received a 4-year sentence reduction for good behavior. However, Bankman-Fried may remain in prison until 2044.
However, Caroline Ellison, former CEO of Alameda Research, is expected to be released on 20/07/2026.
