{"id":11277,"date":"2026-07-30T17:07:10","date_gmt":"2026-07-30T17:07:10","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=11277"},"modified":"2026-07-30T17:07:10","modified_gmt":"2026-07-30T17:07:10","slug":"ftxs-900m-payout-drops-friday-triggering-6-month-countdown-for-creditors-to-onboard-or-forfeit-funds-entirely","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=11277","title":{"rendered":"FTX\u2019s $900M payout drops Friday, triggering 6-month countdown for creditors to onboard or forfeit funds entirely"},"content":{"rendered":"

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FTX will begin an approximately $900 million fifth distribution under its Chapter 11 plan on Friday, July 31, paying holders of allowed Convenience and Non-Convenience claims who met the June 16 record-date and applicable pre-distribution requirements.<\/p>\n

Eligible creditors should receive funds from BitGo, Kraken or Payoneer within one to three business days from July 31, according to FTX\u2019s fifth-distribution notice.<\/p>\n

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\"FTX\"FTX<\/div>\n
Related Reading<\/span><\/p>\n

FTX continues to exclude Nigeria and China in remaining creditor repayments but includes Payoneer<\/h3>\n

Payoneer’s addition offers limited relief as key FTX creditor markets remain marginalized in payouts.<\/p>\n

Jun 11, 2025<\/span> \u00b7<\/span> Oluwapelumi Adejumo<\/span><\/p>\n<\/div><\/div>\n

FTX\u2019s July 24 creditor FAQ distinguishes allowed-claim status from readiness for payment. The original claim holder had to satisfy the Plan\u2019s know-your-customer requirements by June 16. Once the claim was allowed, its holder also had to submit a valid tax form, successfully onboard with a distribution provider and pass sanctions screening by that date.<\/p>\n

That sequence matters because claim allowance and payment readiness are separate gates. A claim could be allowed even if its holder had not submitted a valid tax form, completed provider onboarding or passed sanctions screening by the record date.<\/p>\n

Missing any applicable June 16 eligibility or pre-distribution requirement means the holder will receive no July 31 payment. For an allowed claim holder still awaiting successful provider onboarding, July 31 also opens a six-month window. If onboarding remains incomplete throughout that period, the holder may forfeit the right to receive distributions on the allowed claim. Tax forms follow a separate timeframe under Section 7.14 of the Plan. Under the FAQ, failure to submit a valid tax form within the Plan\u2019s own timeframe can also forfeit the distribution.<\/p>\n

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\"FTX\"FTX<\/div>\n
Related Reading<\/span><\/p>\n

FTX creditors set to receive $1.6B in third distribution round on Sept. 30<\/h3>\n

According to the FTX Recovery Trust’s Sept. 19 announcement, creditors must complete multiple verification steps through the FTX Customer Portal before receiving payments.<\/p>\n

Sep 19, 2025<\/span> \u00b7<\/span> Gino Matos<\/span><\/p>\n<\/div><\/div>\n

The Plan waterfall sets different fifth-round payments across creditor classes. Allowed Class 5A Dotcom Customer Entitlement Claims are slated for an incremental 9% payment, taking their cumulative distribution to 105%. Class 5B U.S. Customer Entitlement Claims are slated for a 5% payment and 105% cumulative distribution. Classes 6A General Unsecured Claims and 6B Digital Asset Loan Claims are each slated for 3%, taking both to 103% cumulatively. FTX lists Class 7 Convenience Claims at a 120% cumulative distribution. FTX said actual class percentages may vary slightly because of rounding.<\/p>\n

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\"Bitcoin\"Bitcoin<\/div>\n
Related Reading<\/span><\/p>\n

Bitcoin has to survive a new major liquidity test today as $2.2B hits the market on top of geopolitical pressure<\/h3>\n

FTX\u2019s fourth creditor distribution will inject roughly $2.2 billion into the market at a moment when Bitcoin is already trading under pressure from a deteriorating macro backdrop.<\/p>\n

Mar 31, 2026<\/span> \u00b7<\/span> Andjela Radmilac<\/span><\/p>\n<\/div><\/div>\n

Two other July 31 processes have their own terms. The Preferred Shareholder Remission Fund Trust is scheduled to make a separate $18 million second payment to eligible preferred-equity holders, bringing its total payments to $95 million. FTX Digital Markets administers the Bahamas process separately, and its distribution notice said eligible non-convenience and catch-up distributions were expected to begin July 31, with the rate to be confirmed later.<\/p>\n

The approximately $900 million figure applies to the Chapter 11 creditor distribution. The preferred-equity payment and Bahamas process proceed under their distinct terms, while the six-month onboarding provision governs allowed claim holders whose provider setup remains incomplete.<\/p>\n<\/div>\n

Bankruptcy,Featured,Payments,BitGo,Kraken,payments,PayoneerBitGo,Kraken,payments,Payoneer#FTXs #900M #payout #drops #Friday #triggering #6month #countdown #creditors #onboard #forfeit #funds1785431230<\/p>\n","protected":false},"excerpt":{"rendered":"

FTX will begin an approximately $900 million fifth distribution under its Chapter 11 plan on Friday, July 31, paying holders of allowed Convenience and Non-Convenience claims who met the June 16 record-date and applicable pre-distribution requirements. Eligible creditors should receive funds from BitGo, Kraken or Payoneer within one to three business days from July 31,<\/p>\n","protected":false},"author":1,"featured_media":11278,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[5822,5329,3040,910,4369,102,5824,898,5821,1238,3053,5823,167,5600,2851,346],"class_list":["post-11277","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-6month","tag-900m","tag-bitgo","tag-countdown","tag-creditors","tag-drops","tag-forfeit","tag-friday","tag-ftxs","tag-funds","tag-kraken","tag-onboard","tag-payments","tag-payoneer","tag-payout","tag-triggering"],"yoast_head":"\nFTX\u2019s $900M payout drops Friday, triggering 6-month countdown for creditors to onboard or forfeit funds entirely - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"FTX begins a $900 million creditor payout July 31, while allowed claim holders still awaiting provider onboarding face a six-month deadline.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=11277\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FTX\u2019s $900M payout drops Friday, triggering 6-month countdown for creditors to onboard or forfeit funds entirely\" \/>\n<meta property=\"og:description\" content=\"FTX begins a $900 million creditor payout July 31, while allowed claim holders still awaiting provider onboarding face a six-month deadline.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=11277\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-30T17:07:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/07\/ftx-creditor-payout-cracked-piggy-bank.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=11277\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=11277\",\"name\":\"FTX\u2019s $900M payout drops Friday, triggering 6-month countdown for creditors to onboard or forfeit funds entirely - 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