FTX Trading Ltd. and the FTX Recovery Trust have set June 16, 2026, as the record date for the next distribution to holders of allowed claims and interests, with payments expected to begin on July 31, 2026. The bankrupt crypto exchange said the next distribution will apply only to eligible holders who complete all required pre-distribution steps. Those requirements include Know Your Customer verification, tax form submission, and onboarding with one of FTX’s approved distribution service providers. BitGo, Kraken, and Payoneer will handle the distribution process. FTX said creditors should contact their chosen provider directly for questions about fund availability after payments are sent to those accounts. FTX Sets June 16 Record Date The June 16 record date will determine which holders of allowed claims qualify for the next distribution. FTX said payments will begin on July 31 for eligible claimants who meet all requirements before the deadline. For transferred claims, payments will only be made to the transferee listed on the official claims register as of the record date. The transfer must also have completed the required 21-day notice period without objection. FTX also said preferred equity holders will receive their next payment on July 31, using the same June 16 record date. Preferred equity holders who had not received a payment as of May 29 must complete KYC, tax forms, ownership certification, and onboarding with BitGo or Payoneer. The exchange also outlined a separate process for NFT customer entitlement claims. Eligible NFT holders may begin the NFT distribution process on June 30 by completing pre-distribution requirements, opting in, and providing a valid wallet address through the FTX Customer Portal. Disputed Claims Reserve May Be Reduced FTX also filed an amended notice with the Bankruptcy Court seeking to reduce its disputed claims reserve by $600 million. The proposed reduction would lower the reserve from $2.4 billion to $1.8 billion. If approved by the court, the reduction would release additional cash for distribution to holders of allowed claims. The company did not state the final amount expected for the July 31 distribution. The upcoming payment follows previous creditor distributions under FTX’s confirmed Chapter 11 plan. In March, FTX announced a fourth distribution of about $2.2 billion to eligible holders of allowed claims in convenience and non-convenience classes. FTX has repeatedly warned customers to remain alert for phishing emails and fake websites designed to resemble the FTX Customer Portal. Creditors are advised to use official channels when submitting personal information, tax forms, or wallet addresses. Legal Settlements Add to Recovery Process The distribution update comes as FTX-related litigation continues. Fenwick & West, FTX’s former outside law firm, reached a $54 million preliminary settlement with former customers who accused the firm of helping enable Sam Bankman-Fried’s fraud. Fenwick denied wrongdoing under the settlement. The law firm still faces a separate $525 million lawsuit from international investors over claims related to its work for the collapsed exchange. Public accounting firm Prager Metis CPAs agreed to pay nearly $11.8 million in a separate settlement, while former NBA player Udonis Haslem agreed to pay $420,000 over claims tied to FTX promotion. Those settlements require preliminary approval from Judge K. Michael Moore in the U.S. District Court for the Southern District of Florida. FTX collapsed in November 2022 after a liquidity crisis exposed misuse of customer funds. Bankman-Fried was later convicted in federal court and sentenced to 25 years in prison. The July 31 payout date marks another step in the estate’s effort to return funds to creditors, preferred equity holders, and eligible NFT claimants. Eligible users must complete verification and onboarding steps before receiving payments through BitGo, Kraken, or Payoneer.
