A Decisive New Step in the Repayment of Funds
After months of waiting and complex procedures, FTX creditors can finally breathe a sigh of relief. The platform has announced it will initiate a distribution of $1.9 billion on September 30, 2025, the largest since the beginning of the bankruptcy process.
This distribution follows an approved court decision aimed at reducing the reserve for disputed claims. This will unlock more capital to repay creditors without further delay. The beneficiaries will be holders of Class 5 (customer) claims, Class 6 (general unsecured claims), and newly authorized commodity claims.
A Streamlined Distribution Process with Guarantees for Creditors
To facilitate payments, FTX has again partnered with trusted exchanges : BitGo, Kraken, and Payoneer. Creditors will need to complete certain formalities, such as the KYC process, submission of tax documents, and registration with approved providers.
This distribution on September 30, 2025 marks the third wave of major repayments this year. Approximately $470 million in frozen disputed claims remain, particularly related to accounts located in 49 countries. These cases will be addressed in upcoming cycles, pending judicial decisions.
FTX : A Complex Bankruptcy Process, but Encouraging Progress
Since the beginning of the year, FTX has already made two major distributions, returning more than $5 billion to creditors. The stated goal is to repay a total of more than $14.5 billion.
Although the road ahead is still long, this progress is encouraging for creditors who have been waiting since the platform’s resounding collapse. The fate of the founders, particularly Sam Bankman-Fried and Caroline Ellison, who remain in prison, is still to be determined.
September 30 marks another crucial step in the cryptocurrency repayment process for victims of the FTX collapse.
