FTX bankruptcy creditor payouts

In mid‑July 2026 the FTX Recovery Trust announced a fifth round of creditor repayments of roughly $900 million, slated for distribution on July 31. The payout covered both “Convenience” and “Non‑Convenience” claim classes, adding an incremental 9 % to Class 5A Dotcom Customer Entitlement Claims, 5 % to Class 5B U.S. Customer Entitlement Claims, 3 % to Classes 6A and 6B, and pushing Convenience Claims to a cumulative 120 % recovery. A simultaneous $18 million Preferred Shareholder Remission Fund payment raised total preferred‑equity payouts to $95 million.

The disbursement began on July 30, with payments routed through BitGo, Kraken and Payoneer; eligible U.S. customers reported receiving funds via Kraken within one to three business days. After this round, total repayments approach $10 billion, moving the estate toward its final repayment phase.

The U.S. Senate unanimously passed a non‑binding resolution rejecting any clemency for former founder Sam Bankman‑Fried, underscoring ongoing political and regulatory scrutiny. A U.S. bankruptcy judge has allowed the trust to continue claw‑back claims against Binance, seeking at least $1.76 billion alleged to have been transferred in a 2021 share‑repurchase deal. While related claims tying Binance to the collapse were dismissed, fraud‑transfer counts against four Binance subsidiaries and founder Changpeng Zhao remain pending. Distribution was carried out through BitGo, Kraken and Payoneer, with most creditors receiving funds within one to three business days. A recent court ruling limited the trust’s ability to pursue damages against Binance, but the trust continues to seek claw‑back claims. After this round, total repayments approach $10 billion, moving the estate toward its final repayment phase in one of the largest cryptocurrency‑bankruptcy recoveries on record.