FTX recovery trust targets July 31 for next round of creditor payments

FTX Trading Ltd. and the FTX Recovery Trust have provided an operational update regarding the next phase of creditor and stakeholder distributions under FTX’s restructuring process.

According to a press release issued this week, the anticipated record date for the next distribution to holders of allowed claims and interests has been set for June 16, 2026, with distributions expected to commence on July 31, 2026. Payments to eligible Preferred Equity Holders are scheduled for July 31, 2026.

Holders of Allowed $NFT Customer Entitlement Claims under the confirmed Chapter 11 Plan will become eligible to initiate the $NFT distribution process beginning June 30, 2026, according to FTX.

As part of the ongoing claims reconciliation process, the entity filed an amended notice with the Bankruptcy Court seeking approval to reduce the disputed claims reserve by approximately $600 million, decreasing the reserve from $2.4 billion to $1.8 billion.

If approved, the adjustment would make additional cash available for creditor distributions.

The upcoming distributions will be facilitated through designated Distribution Service Providers, including BitGo, Kraken, and Payoneer.

FTX has noted that all customers and creditors must complete required pre-distribution procedures, including KYC verification, tax documentation, and onboarding with an approved service provider, before distributions can be processed.

For holders of transferred claims, distributions will only be made where the transfer is fully processed and reflected on the official claims register as of the June 16, 2026 record date and the applicable 21-day objection period has expired without objection.

Under FTX’s court-approved reorganization plan, billions of dollars have been returned to creditors based on the November 2022 value of customer assets.

Distributions began in February 2025 with approximately $1.2 billion paid to Convenience Class claimants, followed by larger institutional payouts in May 2025, a third round totaling roughly $1.6 billion last September, and a fourth round launched on March 31.