FTX to Disburse $1.6B Third Creditor Payout on Sept 30, 2025 — BitGo Confirms Deposits; Funds Unlock 8:00 PM EST
FTT/USDT
$283,059.92
$0.3334 / $0.3133
Change: $0.0201 (6.42%)
+0.0016%
Longs pay
COINOTAG News reported that FTX creditor representative Sunil confirmed BitGo has begun emailing creditors who selected them as allocator to verify that funds were deposited into the FTX creditor account; those deposits are set to unlock at 8:00 PM EST on September 30, 2025.
FTX previously announced an approximate $1.6 billion third distribution to approved creditors across both the convenience and non‑convenience tranches, restricted to claimants that completed the pre‑allocation request in accordance with the estate’s distribution protocol.
Eligible creditors are expected to receive proceeds within 1 to 3 business days beginning September 30, 2025, via their nominated allocation service provider; stakeholders should monitor allocator communications for settlement confirmation and timing updates.