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The bankrupt cryptocurrency exchange FTX has announced it will launch its fifth round of creditor payments on July 31, 2026, as part of its restructuring plan. This distribution is expected to amount to approximately $900 million in total.
According to a statement by FTX Trading Ltd. and FTX Recovery Trust, payments will cover creditors with approved receivables in the Convenience and Non-Convenience classes under the restructuring plan who completed the necessary pre-distribution processes by the June 16 registration deadline.
Creditors who are entitled to receive payments are expected to collect the funds through their previously chosen service providers: BitGo, Kraken, or Payoneer. The distribution service providers are scheduled to transfer payments to accounts within one to three business days after July 31.
FTX also informed eligible preferred shareholders that a second payment round would be made on the same date.
As part of the fifth distribution, Class 5A credit holders representing Dotcom customer receivables will receive an additional 9% payment. This will bring the cumulative distribution rate for this class to 105%.
Class 5B, which covers US customer receivables, will receive a 5% payout, resulting in a total payout rate of 105%. Class 6A, which includes general unsecured receivables, and Class 6B, which includes digital asset loan receivables, will each receive a 3% payout. The total payout rate across these classes will reach 103%.
The cumulative distribution to claimants in the Class 7 Convenience Claims group, which includes smaller claims, will reach 120 percent.
FTX stated that customers and other payees who wish to participate in the distribution on future payment dates must complete the identity verification process, submit the necessary tax forms, and register with one of the BitGo, Kraken, or Payoneer platforms before the registration date.
The company stated that subsequent registration and payment dates will be announced at a later date.
*This is not investment advice.