FTX Begins $1.9B USD Payout to Creditors in 2025 Court-Approved Third Disbursement

FTX Trading Ltd. and the FTX Recovery Trust have outlined a new distribution plan for creditors, with a $1.9 billion payout set to begin on September 30, 2025, following approval by the Delaware U.S. Bankruptcy Court [1]. This distribution marks the third major disbursement to creditors since February 2025, as part of an ongoing restructuring process aimed at resolving claims tied to the collapsed cryptocurrency exchange. The funds will be allocated in USD rather than proprietary crypto assets, a shift underscored by creditor advocate Sunil Kavuri as a key procedural update [1].

The distribution is based on asset valuations from November 2022, a timeframe that predates the recent recovery in crypto prices. This approach ensures consistency with prior payouts but excludes claims from certain restricted jurisdictions pending further review. To date, approximately $6.2 billion has already been repaid to creditors, reflecting a significant recalibration of FTX’s financial obligations. The Recovery Trust’s strategy emphasizes transparency, with distributions routed through established platforms like BitGo, Kraken, and Payoneer to facilitate efficient and secure transfers [1].

Legal and regulatory considerations remain central to the process, with procedural revisions under active scrutiny. The court-managed distribution aligns with broader efforts to stabilize FTX’s financial position while addressing stakeholder concerns. Despite challenges, the timeline underscores progress in the bankruptcy proceedings, offering creditors a clearer path to recovery. However, the exclusion of restricted jurisdiction claims highlights ongoing complexities in navigating international claims and compliance frameworks [1].

The $1.9 billion disbursement is expected to influence market perceptions of FTX’s post-collapse resilience, though its long-term implications remain contingent on the resolution of pending legal matters. For now, the structured approach to repayment demonstrates a commitment to methodical debt settlement, balancing operational efficiency with adherence to court directives.

Source: [1] [FTX Creditors Prepare for September 2025 Distribution] [https://coinmarketcap.com/community/articles/68829c732eb2b3609475190a/]