FTX To Begin Repaying $1.6B To Creditors Starting Sep 30

ftx, The deprecated cryptocurrency exchange founded by Sam Bankman-Fried; On September 30th, it will begin distributions of $1.6 billion to verification debtors, marking its third payment under bankruptcy proceedings.

Payments are paid to creditors within 1-3 business days via Bitgo, Kraken, or Payoneer, covering both so-called convenience and non-meeting classes. The announcement said.

FTX will pay creditors $1.6 billion on September 30th.

Do they buy or sell? pic.twitter.com/f2bkbetl35

– KyleChassé /dd🐸 (@kyle_chasse) September 19, 2025

Smaller victims with claims under $50,000 will recover 120% of their funds, but the cumulative recovery of international clients will rise to 78%.

The latest distribution highlights the progress of FTX repayment creditors, with over $15 billion recovered to date and recovered to an estimated $16.5 billion in debt.

Eligibility depends on pre-distribution compliance

Creditors must complete all distribution steps prior to payment. These include logging in to the FTX Customer Portal, completing KYC, submitting tax forms, and choosing a service provider.

(2/3) Eligible creditors should expect to receive funds from their chosen distribution service provider within 1-3 business days from September 30, 2025. Additional details are available in the FTX press release.

– ftx (@ftx_official) September 19, 2025

Users must also ensure that their claims are recorded without objection after the 21-day notice period. According to FTX, funds will only be paid to officially registered claim holders.

“For transfered claims, the distribution will only be made to the assignee holders of permitted claims that will be processed and reflected in the official bill register maintained by the Notice and Billing Agent at the time of the future record date where the 21-day notice period is no longer objected,” the announcement explains.

All FTX users’ distributions are calculated based on the assets value at the time of bankruptcy filing in November 2022. The court has upheld this rating despite rising crypto market prices ever since.

Advances the next third FTX distribution, creditors are being urged to be vigilant against potential fraud. There is also the risk that creditors may receive phishing emails, which could further harm individuals who are already facing financial challenges.

FTX collapsed in November 2022, causing customer panic to cause a wave of withdrawals that the exchange could not cover, forcing it, causing research from sister company Alameda to bankruptcy, sending shockwaves throughout the crypto sector.

U.S. prosecutors then inhaled billions of client funds from bankers and other chief executives. Bankmanfried was convicted in 2023 and is currently sentenced to 25 years in prison for adjusting one of the biggest financial frauds in US history.

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