FTX Has Already Distributed $7.1B: Next Round Could Hit Early 2026
FTX creditor consultant Sunil Kavuri mentioned the bankrupt change has now accomplished three payout rounds of about $7.1 billion.
The chapter property of the now-defunct crypto change, which collapsed in November 2022, has taken virtually three years to achieve this stage.
Next Distribution Lined Up for January
According to his newest replace on X, FTX distributed $454 million on February 18 to claims underneath $50,000, adopted by a a lot bigger $5 billion payout on May 30 that coated each sub-$50,000 and bigger claims.
A 3rd tranche of $1.6 billion was paid out on September 30, once more throughout each declare classes. Kavuri estimated that the overall FTX property at round $16-17 billion, and mentioned the following distribution spherical is at the moment anticipated in January 2026, pending a report date affirmation in December.
The newest growth emerged simply days after the FTX Recovery Trust withdrew its request to limit payouts to collectors in practically 50 international jurisdictions, together with China, Saudi Arabia, Russia, and Ukraine, following intense backlash from affected collectors. The movement was initially filed in July and aimed to pause distributions in international locations with unclear or restrictive crypto guidelines.
But at the same time as funds are steadily being returned, the political, authorized, and reputational battle round this case has not light, because the convicted founding father of the change, Sam Bankman-Fried, continues attempting to affect the narrative from federal jail.
SBF Pops Up, Again
Earlier this month, Bankman-Fried re-entered the chapter dialog to once more query the motives of the chapter property and to suggest that the collapse of FTX was not as a consequence of fraud, misappropriation, or reckless leverage, however one thing nearer to sabotage or bureaucratic obstruction.
Even this week, SBF replied to a satirical submit accusing present CEO John J. Ray III of deliberately retaining a “completely solvent” platform in chapter simply to generate report skilled charges and destroy property worth, a declare he partly endorsed by saying “that is principally what occurred,” though forensic accountants, prosecutors, and chapter specialists have repeatedly mentioned this narrative is fake and deceptive.
His feedback immediately triggered a backlash. On-chain investigator ZachXBT straight requested him to clarify the alleged $40 million fee to Chinese authorities that he claims SBF hid from the general public and prosecutors. At the identical time, enterprise capitalist Adam Cochran said that this continued try to recast the collapse exhibits SBF stays unrepentant and unwilling to simply accept duty for the injury finished to tens of millions of customers.
That controversy adopted an episode when Bankman-Fried’s long-dormant X account posted a 14-page doc claiming FTX “was by no means bancrupt” and will have been sitting on a $136 billion portfolio right now if attorneys had not intervened. Legal specialists and former collectors shortly identified that the declare was virtually an identical to arguments already rejected in court docket all through 2023 and 2024, and that forensic audits traced billions in lacking buyer funds.
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