Krutika Adani
Court Approves $1.9B Claims Reserve Cut
A U.S. bankruptcy court has greenlit FTX’s request to reduce its claims reserve by $1.9 billion, clearing the path for a new wave of repayments.
September 30: Next Payouts Begin
FTX will start its next creditor payout cycle on September 30. The distribution will be processed through BitGo, Kraken, and Payoneer.
Eligibility Deadline: August 15
To qualify for this payout round, claim holders must be verified and on the record by August 15. Don’t miss the cutoff.
$6.2B Already Distributed
FTX has already returned over $6.2 billion to customers since its collapse. The new round will significantly add to that total.
FTX Ordered to Revise Restricted Claims Plan
The court has also instructed FTX to revise how it handles claims from restricted jurisdictions, signaling ongoing oversight in the process.