FTX to Begin Second Round of Creditor Payouts on May 30

FTX Trading Ltd. (d/b/a FTX.com) and the FTX Recovery Trust announced that they will begin distributing funds to eligible creditors on May 30, 2025

FTX Trading Ltd. (d/b/a FTX.com) and the FTX Recovery Trust announced the commencement of distributing funds to eligible creditors on May 30, 2025. This marks the second round of payments as part of the company's Chapter 11 Plan of Reorganization.

The second distribution will go to holders of allowed claims in the Plan’s Convenience and Non-Convenience Classes, provided they have completed all required steps for pre-distribution eligibility.

Payout Details

According to the FTX Recovery Trust, distribution percentages by claim class are as follows:

* Unsecured Customer Claims: Approximately 78%

* Unsecured Cryptocurrency Exchange Claims: Approximately 74%

* Unsecured Non-Convenience Class Claims: Approximately 72%

Customers who have selected BitGo or Kraken as their distribution service provider should expect funds to arrive within 1 to 3 business days after May 30.

Statement from FTX Recovery Trust

“These first non-convenience class distributions are an important milestone for FTX,” said John J. Ray III, Plan Administrator of the FTX Recovery Trust. “The scope and magnitude of the FTX creditor base makes this an unprecedented distribution process, and today’s announcement reflects the outstanding success of the recovery and coordination efforts of our team of professionals.”

Ray noted, “Our focus remains on maximizing recoveries for creditors and settling remaining claims in a fair and efficient manner. We are committed to completing this process with the diligence and integrity that the creditors deserve.”

What Creditors Must Do

To be eligible for this and future distributions, claimants must:

* Complete the claim form and submit it by the Plan’s deadline.

* Ensure their contact details are up to date with the claims administrator.

* Select a preferred method of receiving their distribution.

* For cryptocurrency claims, provide their preferred blockchain address.

Customers who opt into a distribution provider waive their right to receive direct cash distributions from FTX, instead authorizing FTX to send payments directly to the selected provider.

If you’ve already onboarded but haven’t received your funds, contact your provider’s customer support team directly. For detailed updates and FAQs, visit FTX Support – Distributions.