FTX fifth creditor distribution set for July 31

July 18 (Crypto-News.Net) – FTX Trading Ltd. and the FTX Recovery Trust said they will begin a fifth creditor distribution of about $900 million on July 31, 2026, for eligible holders of allowed claims who met the plan’s record-date requirements.

The distribution applies to holders of allowed Convenience and Non-Convenience Class claims who completed pre-distribution requirements by the June 16 record date, according to FTX’s July 17 release. FTX said eligible holders should expect funds through their selected distribution service provider within one to three business days from July 31.

FTX named BitGo, Kraken and Payoneer as the distribution service providers for the fifth distribution. FTX support materials say provider options shown to a creditor depend on residence information, and that creditors must complete know-your-customer (KYC), tax compliance and provider onboarding steps before being included in distributions.

A separate FTX distributions FAQ says the July 31 distribution requires an allowed claim and completion of KYC, tax form, provider onboarding and sanctions-screening requirements by June 16. The FAQ says holders who did not complete those steps by the record date will not be included in the July 31 distribution.

FTX listed an incremental 9% distribution for Class 5A Dotcom Customer Entitlement Claims, bringing cumulative distribution to 105%. It listed 5% for Class 5B U.S. Customer Entitlement Claims, also bringing cumulative distribution to 105%.

Classes 6A General Unsecured Claims and 6B Digital Asset Loan Claims are each listed for a 3% distribution, bringing cumulative distribution to 103%. Class 7 Convenience Claims are listed at a cumulative 120%. FTX said actual distribution percentages may differ slightly because of rounding and that class-level dollar amounts will be filed on the docket shortly after July 31.

FTX separately said the Preferred Shareholder Remission Fund Trust will make a second payment of $18 million to eligible preferred equity holders on July 31. The payment is separate from the about $900 million creditor distribution and will bring total PSRFT payments to $95 million, according to FTX.

FTX warned users about phishing emails and scam sites impersonating the FTX Customer Portal. The release said FTX will never ask users to connect wallets and identified official information channels as the FTX Customer Portal, the FTX support site and the Kroll FTX docket.

FTX Digital Markets Ltd. will separately communicate distribution information for customers who elected to have their claims administered by FTX DM, the release said.

Reporting by Zoran Spirkovski; Editing by Zoran Spirkovski.

Sources

FTX Trading Ltd. and FTX Recovery Trust via PR Newswire – Supports the July 31 fifth-distribution commencement date, about $900 million amount, eligible classes, waterfall percentages, preferred-holder payment and phishing warning.
https://www.prnewswire.com/news-releases/ftx-announces-fifth-distribution-of-approximately-900-million-to-creditors-on-july-31-2026-302828726.html

FTX support, General Information on Distribution Service Providers – Supports provider names, onboarding requirements and residence-based provider availability.
https://support.ftx.com/hc/en-us/articles/33190623459092-General-Information-on-Distribution-Service-Providers

FTX support, Distributions Dashboard FAQs – Supports allowed-claim status, the June 16 record-date requirements and consequences of missing the cutoff.
https://support.ftx.com/hc/en-us/articles/34522100742804-Distributions-Dashboard-FAQs

FTX Customer Portal – Official source-named customer portal referenced for safety boundaries.
https://claims.ftx.com

Kroll FTX docket – Official source-named bankruptcy docket referenced for safety boundaries.
https://cases.ra.kroll.com/FTX/