FTX has announced the next milestone in its bankruptcy repayment process. The exchange will begin its upcoming distribution rounds on September 30th, 2025, with August 15th being the official record date.
Payments include Class 5 customer qualification claims, Class 6 general unsecured claims, and newly authorized convenience claims that have not yet received funds.
FTX announces the next repayment date
This follows a court-approved move, which cuts dispute claim schedule by $1.9 billion and lifts more capital for immediate distribution.
Similar to previous repayments, FTX has confirmed that Bitgo, Kraken and Payoneer will encourage payments. To receive funds, creditors must complete KYC, submit tax forms and be loaded with one of the approved providers.
This shows the third major distribution for 2025.
Dispute claims of approximately $470 million remain frozen so far, including funds related to accounts in 49 countries. These will be addressed in future rounds where court decisions are pending.
Summary of past FTX 2025 repayments
FTX began paying off earlier this year, aiming to exceed $14.5 billion for creditors.
On February 18th, FTX issued its first payment to convenience class claimants (subscriptions under $50,000). These creditors received 100% and 9% interest on the original claim, calculated from the date of bankruptcy filing.
On May 30th, Exchange began its second round, distributing more than $5 billion to multiple billing classes.
The September 30 distribution will resolve the dispute and deliver the funds to creditors who have cleared legal or procedural hurdles.
FTX emphasizes that only approved and registered claims are eligible. Transferred claims must meet strict standards and appear on the official register prior to the August 15th cutoff.
Meanwhile, FTX founder Sam Bankman-Fried remains in jail. He recently cut his sentence by four years for good behavior. Still, bank Fried could be in prison until 2044.
However, Caroline Ellison, former CEO of Alameda Research, is scheduled to be released on July 20, 2026.
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