FTX to Disburse $1.6 Billion to Creditors on September 30 Amid Ongoing Bankruptcy Proceedings
In a significant move for its creditors, FTX, the crypto exchange that declared bankruptcy almost three years ago, has announced plans to distribute $1.6 billion by the end of September. This payout represents the third large-scale redistribution of funds aimed at compensating those who suffered losses due to the exchange’s collapse. The FTX Recovery Trust, which manages the bankruptcy process, made the announcement on Friday, indicating that distributions will kick off on September 30 for all creditors who have successfully verified their claims through the FTX claims portal. The disbursed amounts will be facilitated via established service providers including BitGo,












