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FTX News: Latest Distribution, Claimant Steps and Court Update (October 2026)

FTX announced approximately $900 million for its fifth creditor distribution, beginning July 31, 2026. Here’s what the class percentages mean, what claimants should verify, and what the latest court order does—and does not—decide.
From TheFinanceBase Team4 min to read

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FTX’s latest located creditor distribution was its fifth, announced for July 31, 2026, with approximately $900 million set to go to eligible holders of allowed claims. The announced class percentages are plan distribution figures—not a guarantee of what any individual claimant will receive. Claimants should check their portal status and the applicable U.S. or Bahamas process; FTX warns that missed onboarding or tax-form requirements can put a distribution at risk.

What is the latest FTX distribution?

FTX Trading Ltd. and the FTX Recovery Trust announced on July 17, 2026 that the fifth distribution would begin July 31, with approximately $900 million distributed to eligible holders of allowed claims. FTX said eligible creditors should receive payments through BitGo, Kraken or Payoneer within one to three business days from July 31. The announcement did not establish a date for a subsequent distribution.

The cumulative percentages below are the class-level figures announced by FTX for the plan. FTX cautioned that actual percentages may differ slightly because of rounding.

Claim class July 2026 incremental distribution Cumulative distribution announced
Class 5A: Dotcom Customer Entitlement Claims 9% 105%
Class 5B: U.S. Customer Entitlement Claims 5% 105%
Class 6A: General Unsecured Claims 3% 103%
Class 6B: Digital Asset Loan Claims 3% 103%
Class 7: Convenience Claims Not stated as a separate increment in the announcement 120%

These percentages describe distributions under the Chapter 11 plan, not a claimant’s personal account balance, the current market value of assets once held on FTX, or a guaranteed net recovery. A claimant’s result depends on their allowed claim, class, eligibility and completed requirements.

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Who qualifies, and what should claimants check?

FTX’s support FAQ says the July 31 distribution used a June 16, 2026 record date. Eligibility is limited to holders of allowed claims who meet the plan’s conditions. FTX lists identity verification, tax documentation, onboarding with a distribution provider and sanctions screening among the requirements. The claims portal shows whether KYC, tax verification and provider onboarding are complete.

  1. Confirm which process applies. Check whether your claim is in the U.S. Chapter 11 process or the separate Bahamas liquidation process. The two are not interchangeable.
  2. Check your claim and distribution details. In the relevant official portal, review whether the claim is allowed, its class and whether any transfer or record-date issue affects it.
  3. Review the portal’s completion indicators. Check KYC, tax verification and distribution-provider onboarding, and resolve any item shown as incomplete using official support channels.
  4. Follow the controlling notices. Verify applicable deadlines and instructions in the plan and official notices rather than assuming that an announced class percentage means payment is automatic.

What happens if onboarding or tax forms are late?

FTX’s support FAQ warns that a holder who does not successfully onboard with a distribution provider within six months of the July 31, 2026 distribution date may forfeit the right to receive distributions on allowed claims. The FAQ also says tax forms must be submitted within the timeframe set out in the plan or a distribution may be forfeited. These are separate requirements; completing one does not establish that the other is complete. Check the portal and plan notices for the deadlines and status applicable to your claim.

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Are more FTX payments guaranteed?

No later payment date or amount is established by the cited FTX materials. Its distribution-provider FAQ lists a $6.5 billion disputed-claims reserve and says future distributions will be made from cash on hand net of reserves. It also states that subsequent distributions are at the Plan Administrator’s discretion. The reserve figure is not a promise that the amount will be distributed to creditors.

How do the U.S. and Bahamas claims processes differ?

The U.S. Chapter 11 cases and the Digital Markets FTX Ltd. liquidation in The Bahamas are separate proceedings. Under the global settlement arrangement described on the Bahamas portal, FTX.com customers could participate in either process, but not both. The portal says the Bahamas proof-of-debt deadline—August 16, 2024—has passed. Customers who elected the Bahamas process cannot access Step 9, the distribution dashboard, in the FTX U.S. customer portal.

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The Bahamas portal is administered by PwC for the Joint Official Liquidators. Its case information and verified contact channels are the appropriate route for questions about that liquidation. A customer who needs an account after the bar date should consult the official Bahamas portal for its instructions; the passed submission deadline should not be mistaken for an extension.

What is the latest FTX-related court development?

A September 16, 2026 order from the U.S. District Court for the District of Delaware in Digital Anchor Holdings Limited v. FTX Recovery Trust and FTX Digital Markets Ltd. set the appeal briefing schedule: the appellant’s brief was due October 8, 2026, the appellees’ brief November 9, and the appellant’s reply November 23. The order schedules briefing; it does not decide the appeal’s merits. The cited material does not establish a later outcome.

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How can FTX claimants avoid phishing?

FTX’s July 2026 distribution announcement warns about phishing and says FTX will never ask customers to connect wallets. The Bahamas liquidation portal also warns against suspicious links and requests for personal information, and says the liquidators will never email asking for wallet details or private keys.

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