ftx

FTX is preparing another major repayment to creditors, with roughly $900 million scheduled to be distributed on July 31. This will be the fifth payout under the company's Chapter 11 restructuring process and marks another important step in returning funds to affected users and creditors.
The upcoming payment will increase the total value of announced distributions from the second through fifth repayment rounds to more than $9.7 billion. This figure does not include the first repayment made to Convenience Class creditors in early 2025, as the total amount for that round was never publicly disclosed.
Who Will Receive the July Distribution?
The July payout will be available to eligible creditors whose claims have already been approved. To qualify, participants were required to complete all necessary verification and distribution requirements before the June 16 record date. Payments will be sent through the distribution provider each creditor selected during the claims process.
Several creditor groups will receive additional recoveries in this round:
Dotcom Customer Entitlement Claims will receive another 9%, increasing total recoveries to 105%.
U.S. Customer Entitlement Claims will receive an additional 5%, also bringing total recoveries to 105%.
General Unsecured Claims and Digital Asset Loan Claims will each receive another 3%, raising cumulative recoveries to 103%.
Convenience Claims will reach a total recovery of 120% after this distribution.
Progress of the Recovery Plan
FTX's repayment program has continued through multiple distribution rounds since it began in 2025. Billions of dollars have already been returned to creditors as the bankruptcy estate continues to liquidate assets and resolve claims.
With the July payment included, announced creditor distributions have now surpassed $9.7 billion, highlighting the significant progress made during the restructuring process. The actual amount returned to creditors is even higher because the initial Convenience Class distribution is not included in this total.
Preferred Shareholders Also Receiving Funds
Alongside creditor repayments, eligible preferred shareholders will also receive another distribution on July 31. Around $18 million will be paid through the Preferred Shareholder Remission Fund Trust to qualified recipients who met the required deadlines.
After this payment, total distributions made through the shareholder fund will reach approximately $95 million.
What Comes Next?
FTX has not yet announced the schedule for the next repayment round. More detailed information about the July distribution, including the amounts paid to each creditor class, is expected to be filed with the bankruptcy court shortly after payments are completed.
For many creditors, the continued repayment process represents meaningful progress toward recovering funds lost during one of the largest failures in crypto history. While the restructuring is not yet complete, each new distribution moves the process closer to its final stages.
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