FTX will begin its fifth distribution of approximately $600 million on July 31, 2026, to holders of allowed claims in the bankruptcy plan's Convenience and Non-Convenience Classes, the company announced on X.
The distribution marks the latest payout in the defunct exchange's ongoing creditor recovery process under its chapter 11 plan of reorganization. Creditors must complete pre-distribution requirements to receive funds from this round. FTX cumulative payouts through March 2026 reached approximately $10 billion across four prior distributions.
FTX filed for bankruptcy in November 2022 after the collapse of its trading operation and the revelation of misaligned customer funds. The company's bankruptcy estate has been liquidated to recover value for creditors, with proceeds distributed in phases. The plan divides claimants into Convenience Class creditors, who received a fixed percentage of their claims in earlier rounds, and Non-Convenience Class creditors, whose recovery is tied to the total estate value.
July 31 distribution dates were previously announced as part of FTX's amended claims administration schedule. The company has adjusted its disputed claims reserve in recent filings to accommodate the payout timeline. Current distributions depend on the pace at which the bankruptcy trustee has converted FTX assets into cash and processed claim verifications under the confirmed plan.
Creditors with allowed claims must have satisfied eligibility requirements established in the plan documentation to participate. No new claims can be filed as the bankruptcy process is in its final distribution phase.
