FTX will begin a $1.9 billion creditor payout on September 30, 2025. The record date for eligibility is August 15. This is the third major FTX bankruptcy repayment this year.
The September distribution will include Class 5 claims (Customer Entitlement), Class 6 claims (General Unsecured), and newly approved Convenience Claims. These claims either did not receive earlier payments or were recently allowed by the court.
The $1.9 billion payout became possible after the court approved a reduction in FTX’s disputed claims reserve. This allowed more funds to be released for distribution. According to court documents, the reserve was reduced by $1.9 billion, clearing the way for this round.
FTX will process payouts through BitGo, Kraken, and Payoneer. Creditors must complete KYC verification, submit tax documents, and onboard with one of the providers to receive funds.
Convenience Claims and Deadlines Explained
The Convenience Claims category includes claims below $50,000. In February 2025, FTX paid this group in full with roughly 9% interest. The interest was calculated from November 2022, when FTX filed for bankruptcy.
For the September round, only approved claims on the official register by August 15 will qualify. FTX clarified that transferred claims must follow strict conditions. These include proper documentation and appearance on the official list.
FTX emphasized that creditors must finish all steps—KYC, tax forms, and platform onboarding—before distribution begins. If not, the creditor will not receive the FTX creditor payout during this round.
The FTX September distribution will not include any claims still under dispute or legal review.
FTX Disputed Claims Remain Frozen
Roughly $470 million in FTX disputed claims remain locked. These include funds linked to accounts in 49 countries. The funds are still under court review and not included in the FTX September distribution.
These claims will be revisited in future rounds after court decisions. The exchange has not shared a timeline for the next update regarding these frozen claims.
FTX said it will continue resolving disputed accounts and allow payments only after full legal clearance.
Previous FTX Bankruptcy Repayment Rounds in 2025
The FTX bankruptcy repayment process began in February 2025. The first round targeted Convenience Class claimants. These claimants received 100% of their approved claims and an additional interest payment.
On May 30, the second FTX creditor payout took place. Over $5 billion was distributed to various classes of creditors. The round covered larger claimants and claims that were previously unresolved.
The FTX September distribution follows the same approach. Only verified, registered, and approved claims will receive payment. This includes proper compliance with all procedural and legal steps.
Sam Bankman-Fried and Caroline Ellison Update
Sam Bankman-Fried remains in prison. Recently, the court reduced his sentence by four years based on good behavior credits. Despite that, records still show his possible release in 2044.
Meanwhile, Caroline Ellison, former CEO of Alameda Research, will leave prison on July 20, 2026. Authorities set this date after she cooperated with investigators during the FTX legal process.
Looking ahead, FTX will continue the creditor payout on September 30. The company will release funds under court supervision. Each stage requires legal approval, claim verification, and full compliance with set procedures.
