FTX May Release $1.6B Third Payout on Sept. 30, Potentially Boosting Crypto Creditor Recoveries

• FTX third payout of $1.6B begins Sept. 30, 2025 for eligible creditors

• Payments processed through BitGo, Kraken, or Payoneer and arrive within 1–3 business days.

• Class payouts: U.S. customers reach 95% cumulative recovery; Convenience Claims at 120% cumulative distribution.

FTX third payout: $1.6B distribution to creditors on Sept. 30, 2025. Complete KYC and onboarding to receive payments. Claim details inside.

What is the FTX third payout and who receives it?

FTX third payout is a court-approved distribution of approximately $1.6 billion scheduled for September 30, 2025, issued by the FTX Recovery Trust. Eligible creditors across Convenience and Non-Convenience Classes who have completed onboarding and KYC will receive funds via approved processors within 1–3 business days.

How are payouts allocated across claim classes?

Distributions follow the bankruptcy plan’s waterfall priority and are calculated using asset valuations as of the November 2022 filing date. This installment increases cumulative recoveries for multiple classes and reflects prior clawback recoveries and asset sales.

What steps must creditors complete before the record date?

Creditors must log into the FTX Customer Portal, finish KYC verification, submit tax forms, choose an approved service provider (BitGo, Kraken, or Payoneer), and confirm claim transfer records. Payments will only go to registered claim holders with no outstanding objections after the 21-day notice period.

How will payments be delivered and when will they arrive?

Approved processors will transmit funds to eligible creditors. FTX stated payments are processed on Sept. 30, 2025, and typically arrive within 1–3 business days depending on the selected provider and jurisdictional processing times.

Frequently Asked Questions

Are payouts based on current crypto market prices?

No. Distributions are calculated using asset valuations as of the November 2022 bankruptcy filing; the court upheld that valuation despite subsequent market changes.

Who is handling legal and advisory work for the FTX Recovery Trust?

Legal counsel and advisory services are managed by Sullivan & Cromwell LLP and Alvarez & Marsal, as disclosed by FTX. These names are provided as plain text reference only.

Key Takeaways

• Timing: Third payout of $1.6B disbursed on Sept. 30, 2025; expect funds in 1–3 business days.
• Eligibility: Complete KYC, tax forms and onboarding; only registered, objection-free claim holders receive payments.
• Recovery rates: U.S. customers 95% cumulative; Convenience Claims 120% cumulative; other classes updated per plan.

Conclusion

The FTX third payout of $1.6B is a significant milestone in the Chapter 11 resolution process and advances creditor recoveries under the approved bankruptcy plan. Creditors should verify portal status, complete compliance steps, and select an approved processor to ensure timely receipt of funds. Stay informed with COINOTAG for updates and official notices.

By: Maxwell Mutuma — COINOTAG

Published: 19 September 2025, 20:28:07 GMT