Payment amounts vary by creditor class under the reorganization plan’s waterfall priorities. Dotcom customer entitlement claims receive an incremental 6% distribution, reaching a cumulative recovery of 78%.
US customer entitlement claims obtain 40% payments, achieving 95% total recovery. General unsecured claims and digital asset loan claims each receive 24% distributions, bringing cumulative recovery to 85%.
The Recovery Trust emphasized that no wallet connections are required for eligibility verification or reimbursement processing. This clarification addresses potential confusion amid ongoing concerns about crypto fraud affecting bankruptcy proceedings.
Transferred claims face additional requirements, with distributions only processed for transferee holders reflected on the official claims register after a 21-day notice period without objections.
The September payout follows two previous distribution rounds totaling approximately $5 billion in creditor repayments.
Convenience class creditors receive 120% distributions, representing full recovery plus additional compensation for smaller claims. The overpayment structure aims to expedite resolution for lower-value creditors while reducing administrative costs associated with extended proceedings.
FTX announced that subsequent record and payment dates will be announced as proceedings continue. The structured approach enables systematic distribution while maintaining adequate reserves for ongoing legal costs and administrative expenses.
The distribution represents continued progress in one of the crypto industry’s largest bankruptcy cases, following a collapse that sent shockwaves through the sector.
