FTX Recovery Trust to Pay $900 Million to Creditors July 31

The FTX Recovery Trust will distribute approximately $900 million to creditors of the failed cryptocurrency exchange beginning July 31, marking the fifth major payout since the company's bankruptcy proceedings began. The announcement, made on July 17, 2026, continues a multi-year effort to repay customers and other stakeholders following FTX's collapse in November 2022.

Eligible creditors, classified under the court-approved recovery plan's convenience and non-convenience classes, can expect to receive funds through BitGo, Kraken, or Payoneer accounts within one to three business days of the July 31 start date. To qualify, claimants needed to have completed required pre-distribution steps by a June 16 record date. This latest distribution will bring the total amount announced across the second through fifth payout rounds to at least $9.7 billion. Including earlier distributions, the total amount returned to creditors since repayments began in early 2025 now exceeds $10 billion.

Under the plan's reimbursement framework, convenience claims under $50,000 will receive a cumulative distribution of 120% of their claim value. Other creditor classes, including U.S. and international...