FTX has announced the next milestone in its bankruptcy repayment process. The exchange will initiate its upcoming distribution round on September 30, 2025, with August 15 set as the official record date.
The payout will include Class 5 Customer Entitlement Claims, Class 6 General Unsecured Claims, and newly allowed Convenience Claims that have not yet received funds.
FTX Announces Next Repayment Date
This follows a court-approved move to reduce the disputed claims reserve by $1.9 billion, unlocking more capital for immediate distribution.
Like previous repayments, FTX confirmed that BitGo, Kraken, and Payoneer will facilitate the payments. To receive their funds, creditors must complete KYC, submit tax forms, and onboard with one of the approved providers.
This marks the third major distribution in 2025.
Some $470 million in disputed claims remain frozen for now, including funds linked to accounts in 49 countries. These will be addressed in future rounds, pending court decisions.
Recap of FTX’s 2025 Repayments So Far
FTX began repayments earlier this year, aiming to return over $14.5 billion to creditors.
On February 18, FTX issued its first payout to Convenience Class claimants (claims under $50,000). These creditors received 100% of their original claim plus ~9% interest, calculated from the bankruptcy filing date.
On May 30, the exchange launched its second round, distributing over $5 billion across multiple claim classes.
The September 30 distribution will deliver funds to creditors who have resolved disputes and cleared legal or procedural hurdles.
FTX has emphasized that only approved and registered claims will be eligible. Claims that have been transferred must meet strict criteria and appear on the official register before the August 15 cutoff.
Meanwhile, FTX founder Sam Bankman-Fried remains incarcerated. He recently received a 4-year reduction in his sentence due to good behavior. Yet, Bankman-Fried will potentially be in prison until 2044.
However, Caroline Ellison, the former CEO of Alameda Research, is set for release on July 20, 2026.
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Mohammad Shahid
https://beincrypto.com/ftx-third-repayment-september-2025/
2025-07-23 23:47:45
