FTX to begin $900 million fifth creditor payout on July 31

Who is included in the fifth payout

According to the recovery update, this round applies to eligible holders of allowed claims in the Convenience and Non-Convenience Classes who satisfied the relevant requirements by the June 16 record date. Disbursements will be processed through Bitgo, Kraken and Payoneer, and most recipients are expected to receive funds within one to three business days.

FTX said creditors who want to receive this or later distributions must use the FTX Customer Portal, complete know-your-customer verification, submit tax documentation and finish onboarding with a selected distribution provider. After onboarding is complete, payments are sent through that provider. In cases where claims have been transferred, payment is made only to the registered transferee and only after a 21-day notice period.

How the distributions break down

The estate provided a class-by-class outline for the fifth round. Class 5A Dotcom Customer Entitlement Claims are due an incremental 9% distribution, taking cumulative recovery to 105%. Class 5B U.S. Customer Entitlement Claims will receive 5%, also reaching a cumulative 105%.

For Class 6A General Unsecured Claims and Class 6B Digital Asset Loan Claims, the fifth distribution is set at 3% each, lifting cumulative recovery to 103%. Class 7 Convenience Claims will reach a cumulative 120% distribution.

Separate from those creditor distributions, the Preferred Shareholder Remission Fund Trust is expected to make an $18 million payment on July 31 to eligible preferred equity holders. That would bring total payments from the PSRFT to $95 million.

Recovery totals near $10 billion

With the new round included, cumulative distributions since early 2025 are approaching $10 billion, according to the update. The source article described that figure as one of the largest creditor recoveries in cryptocurrency history.

The latest payment round also arrives amid ongoing political attention around former FTX chief Sam Bankman-Fried. The source said the fifth distribution comes one day after the U.S. Senate unanimously passed a resolution on July 16 rejecting federal clemency for the convicted founder. The measure was described as nonbinding, but as a sign of bipartisan resolve while bankruptcy recoveries continue to grow.

Security warning remains in place

FTX also repeated a phishing warning tied to the distribution process. The estate said it will never ask creditors to connect a wallet, and that official information about payouts will be issued only through verified channels.

The fifth distribution is the latest step in the long-running effort to return funds after the exchange’s failure in 2022. While the next $900 million round is limited to creditors who met the record-date and onboarding requirements, it adds to a recovery process that has already returned billions and continues to move through defined claim classes and payment procedures.