US EditionFTX Sets Next Distribution Date Following Disputed Claims Reserve Reduction
- FTX has set the next distribution record date for August 15, 2025, with cash distributions occurring on September 30, 2025.
- FTX received authority to reduce the disputed claims reserve by $1.9 billion, allowing more funds to be distributed to allowed claims holders.
- Only holders of allowed claims who complete verification and onboarding can receive distributions, according to FTX.
- Customers are warned to stay alert for phishing emails and scams resembling FTX's communications.
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NullTX
Bitcoin Ethereum NewsFTX to Resume Creditor Payouts Sept 30 , $1.9B Approved...
FTX is preparing to distribute another major tranche of creditor repayments. Bankruptcy court just greenlit $1.9B in disbursements, with payments scheduled to begin on September 30. Claimants must be verified before the August 15 record date to be eligible. This marks round three of FTX’s massive repayment plan , a multibillion-dollar effort to make users whole following the exchange’s 2022 collapse. The approved distribution brings FTX’s total …
Because payments are made in dollars to cryptocurrency exchanges, these payments can be an injection of liquidity into the market. Read more
The assets of FTX have almost $2 billion free for distribution, according to a court authorization; although it did not specify how much it will distribute in this round. *** FTX plans to start the next distribution as of September 30. Bankruptcy Tribunal released $1.9 billion for distribution. It did not specify how much the round will be, but in total plans to reimburse more than $15 billion. Meanwhile, creditors in restricted jurisdictions st…
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