FTX and the FTX Recovery Trust have announced a fifth round of creditor distributions, set to begin on July 31, 2026, with approximately $900 million being paid out to eligible claimants. Recipients will receive funds via BitGo, Kraken, or Payoneer within one to three business days after the distribution starts. The new payout brings the total disclosed creditor distributions since repayments began in February 2025 to over $10 billion.
Different classes of claims will receive varying additional percentages. Dotcom customer claims (Class 5A) will get an extra 9%, reaching a cumulative 105% of their allowed claim value. U.S. customer claims (Class 5B) receive an additional 5%, also hitting 105%. Unsecured and loan claims (Classes 6A & 6B) get an additional 3%, totaling 103%. Convenience claims (Class 7) are targeting a final settlement of 120%, though no new incremental percentage was announced for this round as many have already been paid. The estate emphasized that these percentages apply to the dollar value of the claims as recorded in the bankruptcy, not the current market value of any cryptocurrency originally held on the platform.
The record date for participation was June 16, 2026, and only creditors who completed all required steps—including KYC verification, tax documentation, provider onboarding, and sanctions screening—are eligible. Transferred claims require the new holder to be on the official register and have cleared a 21-day notice period without objection.
Additionally, approximately $18 million will be paid from the Preferred Shareholder Remission Fund Trust to eligible preferred equity holders, bringing total preferred payments to around $95 million.
FTX warned that the distributions are in U.S. dollars and that the ability to convert to crypto depends on the service provider and jurisdiction. It does not automatically create crypto buying pressure. Creditors are urged to use only official channels and to beware of scams.
