FTX is preparing to distribute another $900 million to creditors, taking its total announced repayments to more than $10 billion, nearly four years after the crypto exchange collapsed. Meanwhile, former CEO Sam Bankman Fried has seen his request for a presidential pardon unanimously rejected by the US Senate.
According to the company’s latest announcement, the fifth round of repayments will begin on July 31 as part of FTX’s Chapter 11 restructuring plan.
Fifth Round of Payments Begins July 31
Eligible creditors who completed the required verification process by June 16 and hold approved claims in FTX’s Convenience and Non Convenience Classes will receive their funds through BitGo, Kraken, or Payoneer within three business days after distributions begin.
The amount each creditor receives depends on the category of their claim.
Customers of FTX.com and FTX US with Class 5A claims will receive an additional 9 percent, increasing their total recovery to 105 percent of the approved value of their claims.
General unsecured creditors and crypto loan claim holders will each receive another 3 percent, bringing their total recovery to 103 percent.
Convenience Class creditors, who are generally customers with smaller claims, will see their total recovery rise to 120 percent of their approved claims following this latest distribution.
FTX will also distribute $18 million to eligible preferred shareholders on July 31. This will increase total payments made through the Preferred Shareholder Remission Fund Trust to $95 million.
Although some creditors are receiving more than the full value of their approved claims in dollar terms, this does not necessarily mean they have been fully compensated. Claims were valued using cryptocurrency prices from November 2022 when FTX filed for bankruptcy, well before the sharp rally across the digital asset market.
For example, Bitcoin was trading at roughly $20,000 when FTX collapsed. Even after pulling back from its October 2025 all time high, the cryptocurrency remains more than 200 percent higher than its bankruptcy era price. As a result, many users are still receiving significantly less than the current value of the crypto they originally held.
Sam Bankman Fried’s Pardon Bid Fails
Sam Bankman Fried, the former FTX chief executive convicted in 2023 on seven counts of fraud and conspiracy for misusing more than $8 billion in customer funds, remains in prison.
He recently sought executive clemency following presidential pardons granted to Changpeng Zhao and Arthur Hayes. However, the US Senate unanimously rejected the request, declaring that under no circumstances should Bankman Fried receive executive clemency, including a pardon or a commutation.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
