FTX Creditor Rep Confirms Three Payout Rounds Totaling $7.1B
The post FTX Creditor Rep Confirms Three Payout Rounds Totaling $7.1B appeared on BitcoinEthereumNews.com.
FTX creditor representative Sunil confirmed three payout rounds. They total $7.1 billion. The next distribution is expected in January 2026. FTX creditor representative Sunil has confirmed significant progress in the exchange’s bankruptcy proceedings. The crypto exchange that no longer exists has paid out in three rounds to the creditors $7.1 billion. This is a major step in solving the complicated financial meltdown that affected millions of users around the world. FTX Estate Delivers $7.1B Recovery; Shareholders May Gain Unusual Returns The first payout, which was an initial distribution of $454 million, was made on February 18, 2025. This was followed by a large second $5 billion distribution on May 30, 2025. The third round, which was $1.6 billion in total, was completed on September 30, 2025. These phased distributions reflect the methodical approach the FTX bankruptcy estate has taken to recover and return funds. Related Reading: Sam Bankman-Fried Appeals 25-Year Prison Sentence Over FTX Collapse | Live Bitcoin News FTX’s net assets are currently estimated to be between 16 and 17 billion dollars. With a large portion already distributed, the bankruptcy plan is progressing as expected. The next payout round is expected to be for January 2026, with a record date for eligible claimants to be confirmed in December 2025. The original distribution was weighted to smaller creditors, specifically creditors with claims of $50,000 or less. These claimants, which fall under the Convenience Class, were given a full repayment under the convenience class of about 119% of the value of the original claims plus interest of 9% per annum. As a result, this prioritization was done to provide quick relief to a large number of individual users. The second and third distributions went to a wider range of eligible creditors. This included US and dotcom customers, and Alameda Research counterparties.…
Filed under: News - @ November 9, 2025 4:22 pm