FTX creditor representative Sunil Kavuri has provided a new update regarding the distribution of next billing payments to creditors on the decommissioned crypto exchange.
Remember that FTX began distributing funds to eligible users on February 18, 2025.
According to Kavuri, FTX paid creditors in this category (which are entitled to claims under $50,000) 120% of their initial claim value. This indicates that the creditor received a 20% premium on the original claim value.
FTX then began repayments for the second round on May 30, 2025, distributing $5 billion to creditors on claims over $50,000. The exchange distributed funds within three business days from May 30th. However, creditors with claimants above $50,000 have only received 72.5% of their initial claim value.
Next payment schedule
In particular, Kavuri has disclosed the next repayment date for the remaining 27.5% of the claims against large creditors. He said the future distribution is expected to take place in the fourth quarter of 2025, particularly from October to December. Additionally, he suggested that he could expand his repayment schedule to 2026 or 2027.
This repayment guarantees that creditors with a claim above $50,000 will receive 100% of the claim. In addition to the claimed value, these large creditors are also entitled to 40% to 80% post-petition interest totalling.
FTX Distribution
February 18: Billed <$50k $50% paid
May 30th:
Claims>$50k72.5%
Claim <$50k 120%Future distribution date
Some examples: October/December 2026, 27, etc.Claim > $50,000
Those paid 72.5% will earn 27.5% face value = 100%+Post a petition ~40%-80%
– Sunil (FTX Creditor Champion) (@sunil_trades) June 30, 2025
FTX’s epic collapse and repayment efforts
This ongoing repayment schedule has been more than two years since FTX collapsed in November 2022. The exchange declared bankruptcy, with key executives sentenced to several years in prison.
Specifically, federal courts in New York sentenced FTX founder Sam Bankman-Fried (SBF) to 25 years in prison, leading to the downfall of the exchange due to their role in mismanaging users’ funds.
The court then sentenced Alameda Research CEO Caroline Ellison and FTX Digital Markets CEO Ryan Salame to two and a half years and seven and a half years respectively.
Since the FTX epic failure, the exchange has been working on user refunds, and repayments will begin earlier this year. Despite FTX’s efforts, many have criticised the spending process to evaluate users’ claims at token prices when filing for bankruptcy in late 2022.
It is noteworthy that crypto prices have skyrocketed significantly since then. For example, Bitcoin, which traded about $20,000 in the second half of 2022, increased its 400% or more than $100,000.
