FTX to Unleash $1.9B Repayment Tsunami by September 30 – Creditors, Brace Yourselves
Bankrupt crypto exchange FTX just dropped a bombshell—$1.9 billion in repayments hits creditors' wallets by month's end. Finally, some good news from the dumpster fire of 2022.
The Payout Timeline
Mark your calendars: September 30th is D-Day for distributions. No more 'trust us, we're working on it'—cold hard cash (well, digital IOUs) incoming.
Why This Matters
After years of legal limbo, this move could restore a shred of confidence in crypto's most infamous collapse. Not that anyone's trusting exchanges with their life savings again—lesson learned the hard way.
The Fine Print
Don't pop champagne yet—repayment percentages remain murky. But hey, getting anything back from this train wreck counts as a win in crypto court.
Closing Thought: Nothing unites the crypto community like schadenfreude—unless it's the sweet smell of recovered funds from an imploded giant. The irony? This repayment might pump more liquidity into the market than most recent altcoins.
After months of waiting, FTX customers finally have a payout date in sight. A Delaware bankruptcy court has greenlit the release of $1.9 billion in reserves, paving the way for a new wave of customer distributions.
The record date is locked for August 15, with payouts potentially rolling out by September 30, 2025. But it’s not as simple as sitting back and waiting for the money. FTX is enforcing strict KYC and tax verification steps, warning that unverified users won’t receive anything.
Distribution Winds Pick Up—But Stay Scam-Aware
The released funds stem from a reduction in the reserve for disputed claims, which has now shrunk from $6.5 billion to $4.3 billion. This strategic reallocation follows the disqualification or resolution of several claims, unlocking assets for the next round of disbursements.
Funds will be distributed via BitGo, Kraken, and Payoneer, each of which will be tasked with processing claims through the FTX Recovery Trust. However, there’s a strong warning from FTX, reminding users that it will never ask them to connect wallets or share private keys, citing an increase in phishing attempts ahead of the payouts.
X Reacts: Community Still Frustrated
While the development signals progress, the crypto community remains cautious. On X, users shared mixed reactions, with some celebrating the step forward and others still questioning the timeline.
That's really good news! At least we shouldn't wait until year-end. The next Distribution Date is Sep 30, 2025 https://t.co/oq3kA5A3WC pic.twitter.com/qVbrbc09XQ
— MHE BE3ET (FTX Customer) (@MHE_BE3ET) July 23, 2025Others expressed concern over scams and excluding 49 countries from payout, urging the community to verify every communication.
$380M from Chinese FTX users may be erased. #FTX is pushing to exclude creditors from 49 countries, including China — no payout, no justice.
Why are people angry?
FTX promised equal treatment, now cherry-picking “restricted jurisdictions”$3.8B in total claims,… pic.twitter.com/jmQucWeT4e
Still No Word on the Solana Sale
FTX had previously unstaked over $31 million worth of solana tokens, sparking speculation that those funds would contribute to repayments. However, no confirmation has been issued about their use, adding another layer of mystery to the recovery plan.
FTX Payouts Use 2022 Prices, Sparking Backlash
Even though repayments are finally starting, many crypto holders are upset that FTX is using prices from way back in November 2022 to calculate how much people get. That’s a big deal for those who held Bitcoin on the exchange before it collapsed, because since then, BTC has shot up nearly 500%.
Right now, bitcoin is trading under $120K, but the payouts are being calculated using much lower prices from two years ago. For many, that feels like missing out on massive gains. This mismatch is frustrating for investors and may be one reason why Bitcoin’s price dipped slightly today, as people worry about more coins hitting the market and what that could mean for prices.
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FAQs
When will FTX payouts begin?Payouts may start by September 30, 2025, with the record date set for August 15, 2025.
How much money is being released by FTX?FTX is releasing $1.9 billion after reducing reserves for disputed claims.
How will FTX distribute the funds?BitGo, Kraken, and Payoneer will handle payouts via the FTX Recovery Trust.
Why did FTX collapse?FTX collapsed due to alleged fraud, misuse of customer funds, and poor risk management.
How much money was lost in FTX?Customers and creditors reportedly lost over $8 billion when FTX filed for bankruptcy.
