FTX Prepares New $900 Million Payout to Creditors

FTX continues the repayment process for its former customers. Starting July 31, the bankrupt platform will distribute an additional $900 million to creditors, bringing total funds returned to nearly $10 billion since the process began in 2025. The article FTX Prepares New $900 Million Payout to Creditors first appeared on Cryptoast.

The legal and financial saga surrounding the collapse of the FTX exchange has reached a new milestone with the announcement of a fifth wave of repayments. Starting July 31, approximately $900 million will be redistributed to creditors impacted by the exchange's high-profile bankruptcy. This operation, orchestrated by the liquidation estate, brings the total volume of funds returned to nearly $10 billion since the process began in 2025. These payments will be facilitated through specialized partners including BitGo, Kraken, and Payoneer.

The restructuring plan, deployed under Chapter 11, distinguishes between two categories of beneficiaries: "Convenience" creditors, primarily consisting of small retail investors, and the "Non-Convenience" class, which includes larger claims often held by institutional investors. The implemented strategy aims to reimburse retail users at 118% to 142% of the nominal value of their assets at the time of the platform's collapse in November 2022.

Despite the scale of the disbursed funds, sentiment within the victim community remains ambivalent. A significant portion of creditors has expressed dissatisfaction with the chosen repayment method, as compensation is denominated in dollars rather than cryptocurrency. They lament being deprived of the stunning appreciation of digital assets—such as Bitcoin, which reached historic highs exceeding $126,000 in the autumn of 2025—making the value received by clients significantly lower than what it would have been if assets were returned in kind.

Alongside these repayment efforts, the case continues to reveal complex ramifications regarding past accountability. While Sam Bankman-Fried is currently serving a 25-year prison sentence, the legal process continues to settle accounts with settlement agreements involving former legal counsel. Furthermore, the management of the platform’s former stakes in tech companies like Anthropic remains a sensitive subject, symbolizing the missed capital gains opportunities for creditors as the proceedings gradually draw to a close, effectively settling one of the largest scandals in the crypto ecosystem.