The July 31 payout tips most FTX creditor classes past 100% cumulative recovery in dollar terms, though claims remain pegged to crypto prices from the November 2022 bankruptcy.
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Posted July 20, 2026 at 6:06 am EST.
The FTX estate will distribute approximately $900 million to creditors on July 31, the fifth round of payouts since the exchange imploded in late 2022. With this wave, most creditor classes cross a symbolic threshold, receiving more than 100% of their allowed claims in dollar terms.
FTX Trading Ltd. and the FTX Recovery Trust said eligible creditors who cleared requirements by the June 16 record date will receive funds through BitGo, Kraken, or Payoneer within one to three business days. Under the plan, international “dotcom” customers (Class 5A) get an added 9% to reach 105% cumulative recovery, U.S. customers (Class 5B) add 5% for the same 105%, general unsecured and digital-asset loan claims rise to 103%, and the smallest “convenience” claims reach a cumulative 120%. Separately, $18 million goes to preferred equity holders, lifting those payments to $95 million.
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Claims were locked to cryptocurrency prices as of FTX’s November 2022 bankruptcy filing, when bitcoin traded near $16,000, so a creditor repaid at “105%” has still missed most of the market’s climb since.
The fifth distribution sits well below the roughly $2.2 billion paid in March and the $1.6 billion third round last September. Whether the cash flows back into crypto markets is uncertain, since many creditors sold their claims years ago to distressed-debt funds.
FTX collapsed in November 2022 amid an $8 billion shortfall in customer funds, triggering one of crypto’s largest bankruptcies and the fraud conviction of founder Sam Bankman-Fried. The Recovery Trust has since clawed back assets and sold holdings to fund the phased repayments now nearing their conclusion.
Related Listen: Was the SpaceX IPO Really to Blame for Bitcoin’s Worst Week Since FTX?
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
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