The FTX Recovery Trust just announced another round of payments to creditors, this time worth approximately $900 million. Distributions will begin on July 31, 2026, marking yet another chapter in what has become the most consequential bankruptcy proceeding in crypto history.
The record date for this distribution is June 16, 2026, meaning claimholders need to have their ducks in a row by then to be eligible. This round also includes a first: preferred equity holders will receive payments, expanding the circle of people finally getting something back from the wreckage Sam Bankman-Fried left behind.
The numbers keep getting bigger
Cumulative distributions to creditors have now surpassed $10 billion since payouts began in early 2025. The first distribution in September 2025 delivered roughly $1.6 billion. By the fourth distribution in March 2026, that number had climbed to approximately $2.2 billion. Some classes of claims have achieved 100% recovery.
To free up even more cash, the FTX estate has applied for court approval to shrink the disputed claims reserve by about $600 million. That would bring the total reserve down from $2.4 billion to $1.8 billion, releasing funds that can flow to creditors instead of sitting in legal limbo.
How the money actually moves
Distributions flow through a handful of service providers: BitGo, Kraken, and Payoneer. Claimants must complete pre-distribution requirements including KYC verification and tax forms before they can receive funds.
A separate process is also kicking off for $NFT holders. Allowed $NFT Customer Entitlement Claims will begin eligibility processing on June 30, 2026, just ahead of the main distribution date.
The entire operation runs through the FTX Recovery Trust, the entity created during Chapter 11 proceedings to manage asset recovery and distribution.
What this means for investors and the broader market
The FTX recovery has essentially rewritten the playbook for crypto bankruptcies. The fact that some claim classes have been made entirely whole creates a powerful precedent.
The reduction of the disputed claims reserve signals that the messiest phase of litigation is winding down. Cutting $600 million from the reserve means fewer contested claims remain, which accelerates the timeline for wrapping up the entire proceeding.
The inclusion of preferred equity holders in this distribution round is noteworthy. These are investors who bought equity stakes in FTX itself. The fact that even they’re receiving distributions speaks to how much value the recovery team has managed to extract from FTX’s remaining assets.
For creditors still waiting, the key dates are straightforward. Get your KYC and tax documentation submitted before the June 16 record date. Make sure your accounts with BitGo, Kraken, or Payoneer are active and verified. And if you hold $NFT claims, June 30 is when your separate process begins.
