📢 FTX Sets August 15 as Key Record Date for Next Major Payout — Claim Holders, Prepare for Action! 💰📅
The bankruptcy estate of collapsed crypto exchange FTX has officially announced that August 15, 2025, will be the record date for its next round of creditor distributions—marking a crucial step in the ongoing recovery process for victims of the platform’s historic collapse.
In a statement released on Wednesday, FTX confirmed that the “Next Distribution” will include payments to several categories of eligible claims, specifically:
Class 5 – Customer Entitlement Claims
Class 6 – General Unsecured Claims
Pending Convenience Claims
This announcement signals renewed progress in the long and complex bankruptcy process, which has been unfolding since FTX’s dramatic implosion in November 2022.
🔍 What This Means for Creditors
If you're a creditor who holds any of the above-mentioned claims, you must have your claim verified and on record by August 15 to be included in this round of payouts. Actual distribution of funds is expected to begin around September 30, 2025.
Eligible parties will receive notifications through the court-appointed distribution agents:
BitGo, Kraken, and Payoneer—each responsible for handling different aspects of the claims process. These platforms will also ensure all claimants go through Know Your Customer (KYC) verification, a crucial requirement for payment release.
💼 Court Approves $1.9 Billion Boost for Creditors
In a significant development, the U.S. Bankruptcy Court overseeing the FTX case has approved a $1.9 billion reduction in the reserve fund set aside for disputed claims. This means the total disputed claims reserve will drop from $6.5 billion to $4.3 billion, making more capital available for confirmed creditors in the Next Distribution.
This court decision reflects growing confidence in the administration’s ability to resolve outstanding issues and accelerate the return of funds to affected users.
🗓️ Important Dates to Remember
August 15, 2025 – Record Date: Creditors must have valid claims on file to be eligible for the upcoming payout.
September 30, 2025 – Target Distribution Date: Payments expected to begin around this date.
September 30, 2025 – Deadline to Submit Claims (if not yet filed)
✅ What Should You Do Now?
Check Your Claim Status: Visit the official FTX claims portal or consult your legal advisor to confirm that your claim is correctly filed and approved.
Complete KYC: Ensure your identity verification is complete on your assigned platform (BitGo, Kraken, or Payoneer).
Stay Alert: Watch for official updates via email or court communications regarding payout instructions.
This could be one of the final major payout windows in the FTX case, so staying informed and responsive is crucial.
⚠️ Final Notes
FTX’s downfall affected hundreds of thousands of investors, from retail traders to institutional funds. This upcoming distribution—though not a full recovery—is a meaningful step toward resolving one of the crypto industry’s most high-profile bankruptcies.
FTX claimants are strongly encouraged to act now, verify their information, and avoid missing this critical distribution window.
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