FTX Trading and the FTX Recovery Trust have announced that, in accordance with FTX’s Chapter 11 Plan of Reorganisation, distributions will commence to holders of allowed claims in the Plan’s Convenience and Non-Convenience Classes who have completed the pre-distribution requirements on September 30.
Eligible creditors can expect to receive funds from their selected distribution service provider, either BitGo, Kraken, or Payoneer, within one to three business days from 30 September 2025.
Dates for subsequent record and payment cycles will be communicated in due course.
In the Third Distribution, in line with the waterfall priorities set out in the Plan, Allowed Class 5A Dotcom Customer Entitlement Claims will receive an additional 6% distribution, representing a cumulative distribution of 78% to date.
Allowed Class 5B U.S. Customer Entitlement Claims will receive a 40% distribution, bringing the cumulative total to 95%.
Allowed Classes 6A General Unsecured Claims and 6B Digital Asset Loan Claims will each receive a 24% distribution, amounting to 85% cumulatively.
Allowed Class 7 Convenience Claims will receive a 120% distribution.
By onboarding with a Distribution Service Provider, claim holders have irrevocably elected to forgo their right to receive cash distributions directly from FTX, directing instead that FTX pay any distributions due under the Plan to the chosen provider.
For queries regarding the availability of funds with a selected Distribution Service Provider, claim holders should contact customer support at their provider directly.
To remain eligible for distributions on future dates, customers and other creditors must complete the following before the relevant distribution record date: log in to the FTX Customer Portal where applicable, complete the required Know Your Customer (KYC) verification, submit any necessary tax forms, and onboard with either BitGo, Kraken, or Payoneer, with instructions provided via the FTX Customer Portal.
For transferred claims, distributions will be made only to the transferee holder of an allowed claim, provided it has been processed and recorded on the official register maintained by the Notice and Claims Agent.
The 21-day notice period must have elapsed without objection for the distribution to proceed.
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