FTX Trading Ltd. and FTX Recovery Trust provided an operational update regarding the next steps in the distribution of creditors and stakeholders under FTX’s restructuring process.
According to a press release issued this week, the expected record date for the next distribution to holders of permitted notes and interests is set for June 16, 2026, with distributions expected to begin on July 31, 2026. Payment to eligible preferred stockholders is scheduled for July 31, 2026.
authorized owner $NFT Customer claims under a confirmed Chapter 11 Plan are: $NFT According to FTX, the distribution process will begin from June 30, 2026.
As part of the ongoing claims adjustment process, the Company has reduced its disputed claims reserve by approximately $600 million and has filed an amended notice with the Bankruptcy Court seeking approval to reduce its reserves from $2.4 billion to $1.8 billion.
If approved, the adjustment would make additional cash available for distribution to creditors.
Future distribution will be through designated distribution service providers such as BitGo, Kraken, and Payoneer.
FTX notes that all customers and creditors must complete necessary pre-distribution formalities, including KYC verification, tax documentation, and onboarding with an approved service provider, before distributions can be processed.
For holders of transferred claims, distributions will only be made once the transfer has been fully processed and reflected in the official claims register as of the record date of June 16, 2026, and the applicable 21-day objection period has expired without objection.
Under FTX’s court-approved reorganization plan, billions of dollars were returned to creditors based on the value of customer assets in November 2022.
Distributions began in February 2025 with approximately $1.2 billion paid out to convenience class claimants, followed by payments to larger institutions in May 2025, a third round totaling approximately $1.6 billion last September, and a fourth round beginning March 31.
