FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets
The FTX Recovery Trust is gearing up for its third distribution to collectors affected by the change’s vital collapse, with funds set to start on September 30, 2025.
FTX Trust Confirms Payments To Eligible Creditors
According to the official statement, this distribution shall be obtainable to holders of allowed claims categorized beneath the Plan’s Convenience and Non-Convenience Classes who’ve accomplished the required pre-distribution necessities.
Eligible collectors can count on to obtain their funds by way of their chosen distribution service supplier—both Bitgo, Kraken, or Payoneer—inside one to a few enterprise days following the distribution date.
In this upcoming distribution, the Recovery Trust will adhere to the waterfall priorities outlined within the Plan. Specifically, Allowed Class 5A Dotcom Customer Entitlement Claims will obtain a further 6%, bringing their cumulative distribution to 78%.
Meanwhile, Allowed Class 5B U.S. Customer Entitlement Claims will see a considerable 40% distribution, elevating their cumulative complete to 95%.
Additionally, Allowed Classes 6A General Unsecured Claims and 6B Digital Asset Loan Claims are every set to obtain a 24% distribution, which raises their cumulative distributions to 85%. Interestingly, Allowed Class 7 Convenience Claims will profit from a serious 120% distribution.
FTT Token Soars 22%
The native token of the failed change, FTT, has skilled notable progress . According to data from CoinGecko, FTT’s value has surged by 22% over the previous seven days.
The token reached a peak of $1.13 on September 18 earlier than experiencing a slight retracement. Over the week, FTT has fluctuated between $0.78 and $1.06. Despite this current rally, it’s essential to notice that FTT’s all-time high of $84.18, achieved in September 2021, stays almost 99% above its present value ranges.
Featured picture from DALL-E, chart from TradingView.com
