FTX has confirmed that its next round of creditor distributions will begin on July 31, 2026, with a record date of June 16, 2026 for eligibility. The announcement marks a significant milestone in the bankrupt exchange’s Chapter 11 reorganization, providing the clearest timeline yet for creditors who have been waiting since the exchange’s collapse in November 2022.
Eligible recipients include holders of approved FTX customer claims, equity holders, and preferred stock holders. Before receiving funds, creditors must complete Know Your Customer (KYC) verification, submit required tax documentation, and register an account with one of three designated distribution partners — BitGo, Kraken, or Payoneer. For approved NFT customer claims, the distribution process opens earlier, on June 30, with the same compliance requirements plus wallet address submission via the FTX Customer Portal.
In parallel, FTX has filed an amended plan with the bankruptcy court to reduce its disputed claims reserve by approximately $600 million — from $2.4 billion down to $1.8 billion. If approved, the freed-up cash would be redirected to fund the upcoming payout round. The reduction signals growing confidence in the estate’s ability to resolve outstanding disputes and streamline asset recovery.
This distribution follows a fourth payment of about $2.2 billion in March 2026 to eligible convenience and non-convenience class claims. FTX has repeatedly warned customers to stay vigilant against phishing scams and to use only official channels for submissions. The use of BitGo, Kraken, and Payoneer aims to ensure secure, compliant disbursement while reducing the operational burden on the estate.
Separately, legal settlements have added to the recovery process, including a $54 million settlement with former law firm Fenwick & West, a $11.8 million settlement with Prager Metis CPAs, and a $420,000 payment from former NBA player Udonis Haslem. The July 31 payout date represents a concrete step toward returning funds to affected parties.
