FTX Creditors Finally See Light: Payouts Kick Off September 30, 2025

After years of legal limbo, FTX creditors are getting their first taste of justice—or at least what's left of it.

The long wait ends

Mark your calendars for September 30, 2025. That's when the first wave of repayments hits wallets—assuming the lawyers don't find another way to bill a few thousand more hours.

Bankruptcy theater reaches its final act

The crypto exchange's collapse became a masterclass in financial mismanagement. Now, with payouts finally arriving, creditors can decide whether to HODL their recovered funds or dump them faster than Sam Bankman-Fried's moral compass.

One thing's certain: Wall Street's traditional vultures will be watching closely—some hoping to profit from the misery, others just relieved it wasn't their circus this time.

Only approved claim holders with full KYC will be paid

The court decision also lowered the total disputed claims reserve from $6.5 billion to $4.3 billion, which freed up the $1.9 billion. That cash will now go into the hands of creditors—at least the ones who’ve done the paperwork.

FTX made it clear that BitGo, Kraken, and Payoneer will handle the actual payments. “The Next Distribution will be made by FTX’s Distribution Service Providers,” the company stated. But there’s a catch: “Distributions will only be made to holders of allowed claims that have met required pre-distribution requirements.” That means if you haven’t completed KYC, submitted your tax forms, or finished setting up with one of the three platforms, don’t expect any money.

If your funds are missing after payout, it’s not FTX’s problem. “Once FTX’s payment of your distributions to the Distribution Service Provider is made to your account, individuals are solely responsible for their own funds,” the company said. In other words, they’re washing their hands once they hit “send.”

FTX also warned that transferred claims come with strict conditions. You won’t get a cent unless your claim transfer is finalized in the official register of claims, and the required 21-day notice period passes without challenge. This rule applies especially to anyone whose claims were moved and recorded as of August 15.

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