FTX to Begin $1.9B Creditor Payout on September 30, 2025 | What Creditors Must Know

FTX, the now-defunct crypto exchange, is set to distribute approximately $1.9 billion to eligible creditors beginning September 30, 2025, following a U.S. court’s recent approval. This marks the third major payout in the company’s ongoing bankruptcy proceedings and comes after months of mounting anticipation.

In this article, we explain:

• ✅ Who qualifies for the September payout
• 📆 Important deadlines you must meet
• 🛠️ How to verify and receive your claim
• 🌍 Global restrictions and payout processors
• 🇺🇸 Special notes for U.S. investors and institutions

Let’s break it down.

📅 Key Date: September 30, 2025 — Payout Begins

FTX will begin distributing payments to verified creditors starting September 30, 2025. According to legal documents filed with the U.S. Bankruptcy Court for the District of Delaware, this round of payments will total $1.9 billion, drawn from recovered assets and proceeds from asset liquidations.

Past Payouts:

👤 Who Is Eligible for the September FTX Creditor Payout?

You may be eligible if:

• You filed a claim before the official deadline (July 15, 2024)
• Your claim was approved by the bankruptcy administrator
• You passed the required identity verification (KYC) process

✅ Tip: Check your claim status at: https://claims.ftx.com

KYC Process Includes:

• Proof of identity (passport or national ID)
• Email matching original FTX account
• Financial compliance checks through BitGo/Kraken/Payoneer

📌 Required Actions Before Payout

To avoid payment delays, creditors must:

1. Update banking info: Log in to the claims portal and ensure payment details are correct.
2. Complete KYC: KYC verification is mandatory for all claimants.
3. Double-check claim amount: Disputes or mismatches may delay your payout.

📅 Final deadline for updates: September 5, 2025

💸 How Payments Will Be Made

The court-approved processors include:

• Kraken (U.S. bank-linked withdrawals)
• Payoneer (for non-U.S. creditors)
• BitGo (crypto distributions, primarily in USDT or BTC)

You can select your preferred payout method in the FTX Creditor Dashboard.

📍U.S. residents are likely to receive payouts in fiat via Kraken, unless crypto is selected.

🌐 Are There Any Global Restrictions?

Yes. Creditors from the following countries may face restrictions or delays:

• Russia
• Iran
• North Korea
• Certain African jurisdictions (based on OFAC compliance)

📌 If you’re in a sanctioned region, your payout may be held until further notice or processed through a custodian with legal clearance.

⚖️ Legal Background: Why This Distribution Matters

FTX filed for Chapter 11 bankruptcy in November 2022 after mismanaging customer funds and failing to maintain adequate reserves. Since then, court-appointed administrators have recovered more than $9.8 billion through asset sales, clawbacks, and litigation settlements.

This upcoming payout follows:

• Approval from U.S. Bankruptcy Judge John Dorsey
• SEC clearance for creditor settlements
• Asset liquidations, including Solana and Alameda Research stakes

“This distribution represents significant progress in ensuring justice for defrauded creditors,” — Court Filing, Case No. 22-11068

What U.S. Creditors Must Know

For U.S.-based investors and institutions:

• Payments may be taxable: Consult a CPA
• If you held FTX through a 3rd party (e.g., Voyager), contact that firm
• Class-action claims do not affect your FTX creditor status — you can still be paid directly

🔐 Security & Scam Warnings

Scammers are already targeting FTX creditors with fake portals and phishing emails.

✅ Always:

• Use the official site: https://claims.ftx.com
• Do not pay fees or “gas charges” to receive payout
• Use 2FA and secure your email linked to your claim

Report fraud attempts to: security@ftxestate.com

✅ Final Summary

This third FTX creditor payout is a pivotal moment for victims of one of crypto’s biggest failures. Ensure your documents are in order and claim portal settings are up to date to avoid delays.