FTX To Begin $1.6 Billion Third Creditor Payout On September 30
FTX, the defunct cryptocurrency exchange founded by Sam Bankman-Fried, will start a $1.6 billion distribution to verified creditors on September 30, marking its third payout under bankruptcy proceedings. The payment will be disbursed to creditors within one to three business days via Bitgo, Kraken, or Payoneer, covering both so-called Convenience and Non-Convenience classes, an announcement said. FTX will pay out $1.6B to creditors on September 30th. Will they buy, or will they sell??? pic.twitter.com/F2bkBeTl35 — Kyle Chassé / DD🐸 (@kyle_chasse) September 19, 2025 Smaller victims with claims under $50,000 are set to recover 120% of their funds, while international customers’ cumulative recovery will climb to 78%. The latest distribution underscores FTX’s progress in repaying creditors, with more than $15 billion recovered so far toward an estimated $16.5 billion liability. Eligibility Depends On Pre-Distribution Compliance Creditors are ...