TLDR
- FTX Recovery Trust will distribute ~$900 million to creditors starting July 31
- This is the fifth payment round since the exchange’s 2022 bankruptcy
- Total paid out has reached nearly $10 billion since repayments began in 2025
- Convenience claims under $50,000 receive 120% reimbursement; others get 103–105%
- Sam Bankman-Fried remains in prison; US Senate opposed any presidential pardon
The FTX Recovery Trust announced Friday that it will begin distributing around $900 million to creditors on July 31. This marks the fifth round of repayments since the crypto exchange collapsed in November 2022.
LATEST: ⚡ FTX plans to distribute roughly $900M to creditors in its fifth payout round, with eligible recipients set to receive funds within three business days starting July 31. pic.twitter.com/7iSI7R4kRa
— CoinMarketCap (@CoinMarketCap) July 18, 2026
Eligible creditors can receive funds through BitGo, Kraken, or Payoneer. Payments are expected to arrive within one to three business days from July 31.
Who Gets Paid and How Much
FTX’s repayment plan covers two groups: convenience class and non-convenience class creditors. Convenience class claims — those under $50,000 — will receive a 120% reimbursement.
Larger or more complex non-convenience claims will receive between 103% and 105% of their original value. The bankruptcy estate has generally repaid retail creditors between 118% and 142% above the value of their holdings at the time of the collapse.
These figures reflect the dollar value of assets at the time of FTX’s bankruptcy filing, not current crypto prices — a point that has drawn criticism from some creditors who wanted repayment in kind.
How Much Has Been Paid Out So Far
FTX distributed $2.2 billion to creditors in March 2026. With this latest round, total repayments will approach $10 billion since the process began in 2025.
The FTX estate filed for Chapter 11 protection in November 2022, leaving customers locked out of their funds during a broader crypto market downturn that also brought down several other exchanges.
In May 2026, law firm Fenwick & West agreed to pay $54 million to settle a class action lawsuit. The firm had served as FTX’s principal outside counsel before the collapse. A group of 20 users had sued the firm for $525 million just days before the settlement.
Where Things Stand With Sam Bankman-Fried
Former FTX CEO Sam Bankman-Fried was sentenced to 25 years in prison in 2024 after being found guilty of misusing customer funds. His appeal was denied last month when a federal court upheld the original ruling.
Bankman-Fried applied for a presidential pardon from Donald Trump. Trump said in January he did not plan to grant one.
This week, the US Senate unanimously passed a resolution opposing any clemency for Bankman-Fried. The resolution cannot legally stop Trump from issuing a pardon, but it signals bipartisan opposition to the idea.
Lawmakers have also raised concerns about Trump’s pardon of former Binance CEO Changpeng Zhao, following a $2 billion investment into Binance by a UAE entity using a stablecoin from the Trump family’s business, World Liberty Financial.
FTX creditors should expect repayment confirmation from their chosen payout platform after July 31.
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