FTX Schedules July 31 Payout and Moves to Cut Disputed Claims Reserve by $600M

FTX Victims File $525M Suit Against Lawfirm Fenwick & West
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FTX confirmed July 31, 2026 as the start date for the next distribution of payments to holders of approved claims. June 16 will be the record date to determine which creditors qualify to receive funds, provided they complete all required prior steps, including KYC verification, submission of tax forms, and registration with one of the authorized providers: BitGo, Kraken, or Payoneer.

Preferred equity holders will also receive their next payment on July 31, under the same June 16 record date. Those who have not received a payment prior to May 29 must complete the verification and registration processes with BitGo or Payoneer. For claims related to NFTs, the distribution process will be available from June 30 through FTX’s official customer portal.

Separately, FTX filed a motion before the Bankruptcy Court to reduce its disputed claims reserve by $600 million, from $2.4 billion to $1.8 billion. If approved, the released funds would be directed toward future payments. The July distribution will follow the fourth round announced in March, which reached approximately $2.2 billion. The exchange collapsed in November 2022, and its founder, Sam Bankman-Fried, was sentenced to 25 years in prison.

Source: https://x.com/FTX_Official/status/2059358751153357002


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This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.

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