FTX has started its fifth round of creditor payouts, transferring about $900 million to claim holders. This latest distribution is notably the smallest compared to the previous four rounds since repayments kicked off.
Key Figures from FTX's Latest Creditor Payout
Earlier rounds moved significantly larger sums: over $5 billion in May 2025, approximately $1.6 billion in September 2025, and around $2.2 billion in March 2026. The current payout, under $1 billion, signals that the bankruptcy is nearing its final stages.
Specific claim classes made modest gains this time. Dotcom customer claims in Class 5A rose by 9%, reaching a cumulative 105%. Similarly, US customer claims under Class 5B increased by 5%, hitting the same 105% mark. General unsecured and digital asset loan claims each grew by 3%, totaling 103%. Convenience class holders stand at a 120% cumulative recovery, though these figures represent dollar amounts, and the actual value in crypto terms is lower due to market fluctuations.
In addition to these, preferred equity holders will receive an $18 million payment, bringing their total recovery to $95 million.
Challenges in Paying Some Creditors Remain
Several creditors are still waiting due to disputed claims and unresolved issues. Common reasons include ongoing proof of claim reconciliations, jurisdictional reviews, and customers who previously accepted partial payments in Australian proceedings. The Bahamas liquidation process operates separately, with its payment rate pending confirmation.
Creditors in certain jurisdictions flagged by liquidators face restrictions until legalities are clarified. plus claimants who fail to complete onboarding with BitGo, Kraken, or Payoneer within six months risk losing their payout eligibility. Tax form deadlines add another layer of complexity.
These hurdles highlight that distributing funds is now less about gathering cash and more about ensuring all rightful creditors receive their share. The countdown to final payments has officially begun for many.
This content is informational and not financial advice.
