The post FTX Recovery Trust to Release $1.6B in September Payout — Creditors Edge Closer to $16.5B Total appeared on BitcoinEthereumNews.com.

The long, messy saga of FTX’s bankruptcy is inching forward again. The FTX Recovery Trust, tasked with untangling Sam Bankman-Fried’s collapsed empire, has announced its third distribution: roughly $1.6 billion will be released to creditors on September 30, with funds expected to hit accounts within three business days. This marks the third round of repayments since the trust started cutting checks earlier this year, bringing some measure of relief to those who lost funds in one of crypto’s most infamous implosions. The claims portal will open tomorrow, source: X Who Gets What This Time September’s payout isn’t uniform—it’s a carefully sliced pie: Dotcom Customer Claims: 6% distribution US Customer Entitlement Claims: 40% distribution General Unsecured Claims & Digital Asset Loan Claims: 24% distribution Convenience Claims: a whopping 120% reimbursement That last one—“convenience claims”—is essentially the bankruptcy court’s way of settling smaller claims quickly and cleanly. Creditors in that category are actually walking away whole, plus a little extra, which is unusual in bankruptcy cases. The Bigger Picture This latest tranche follows a $1.2 billion disbursement in February and a $5 billion payout in May, with up to $16.5 billion ultimately earmarked for creditors. Given how chaotic the collapse was in 2022, when FTX’s implosion dragged the entire crypto market deeper into winter, the fact that creditors are seeing money back at all—and at this scale—is remarkable. But make no mistake: these repayments are not a victory lap. They are the unwinding of one of the most spectacular failures in financial history. Traders still watch each new distribution nervously, wondering whether sudden liquidity for former customers might slosh back into crypto markets in unpredictable ways. The Shadow of SBF All of this, of course, is happening under the long shadow of Sam Bankman-Fried. Convicted in late 2023 on seven counts ranging…

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Filed under: News - @ September 21, 2025 7:23 pm