- Creditors with claims under $50K will receive 120% recovery after the third distribution.
- Class 5B U.S. customers will reach 95% cumulative recovery after the September 30 payout.
- Creditors with claims above $50K will see their cumulative recovery rise to 78%.
FTX creditors will receive another payout later this month as the collapsed cryptocurrency exchange proceeds with its third distribution of recovered assets. The estate confirmed that approximately $1.6 billion will be released on September 30, 2025. According to the announcement, the payments will reach approved accounts within one to three business days after that date.
Claims Portal Update and Payment Partners
The claims portal, which manages customer information and eligibility, will reflect updated balances on September 22. Creditors must confirm their details ahead of the deadline to ensure payments are processed without interruption. The estate will work with BitGo, Kraken, and Payoneer to manage the distribution process and handle settlement of the funds.
Customers have also been instructed to complete Know Your Customer requirements and submit necessary tax forms before the distribution. Failure to comply with these requirements could delay access to funds.
Allocation Between Claim Groups
FTX stated that creditors with claims under $50,000 will benefit from enhanced recovery terms. These creditors are scheduled to receive 120 percent of their balances once the third distribution is complete.
Meanwhile, U.S. customers classified as Class 5B will receive 40 percent of the current distribution. Their total cumulative recovery will reach 95 percent following this payout. Creditors with claims above $50,000 are set to receive 6 percent of the current round. This allocation will increase their cumulative recovery to 78 percent. The distribution formula was outlined in documents released by the claims administrator and confirmed by creditor activist Sunil.
The estate clarified procedures for claims that were transferred between parties. Payments will be directed only to the registered transferee holder once the transfer is processed and reflected in official records. Distributions will not occur until the 21-day notice period for such transfers has passed without objection.
Warning on Scam Activity
The administrators also warned creditors about potential scams targeting recipients. They noted that phishing emails may circulate ahead of the payment date. Customers were urged to remain cautious and rely only on official communication through the claims portal and designated partners.
The $1.6 billion release is expected to add liquidity to the cryptocurrency market in a short timeframe. Analysts tracking the process noted that such distributions often generate volatility as recipients move funds. The estate did not provide guidance on potential trading impacts, focusing instead on confirming payment logistics.
The September 30 distribution will mark the third wave of repayments since the exchange collapsed with billions in customer deposits. Creditors continue to monitor further recovery efforts and the timeline for future rounds.
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