Some FTX creditors will get back more than they lost: fifth payout round pushes total past $10 billion

Bankrupt crypto exchange FTX is beginning its fifth round of payouts to former customers — another roughly $900 million, to be distributed starting July 31, 2026. With this round, cumulative compensation paid out through the bankruptcy process will approach $10 billion.

Who Gets Paid and How

The fifth round covers holders of approved Convenience and Non-Convenience claims who successfully completed KYC verification ahead of the June 16 record date. Payments will be processed within three business days through the bankruptcy estate's payment partners — BitGo, Kraken, or Payoneer — depending on which payout channel each individual creditor selected.

Some Claims Will Be Covered Above 100%

The most telling detail of this round is that the recovery rate for certain claim categories now exceeds the original debt amount. Dotcom claim holders will receive an additional 9%, bringing cumulative recovery to 105% of their approved claim value; US Customer claim holders will receive an additional 5%, also reaching 105%. General unsecured claims and digital asset loan claims will each receive an additional 3%, bringing cumulative payouts to 103%.

How This Compares to Previous Rounds

By comparison, the fourth distribution round in March 2026 was considerably larger, sending $2.2 billion to creditors. The fifth round's smaller size still pushes the cumulative total close to the $10 billion mark since the distribution process began in 2025.

Why It Matters

The fact that some FTX creditor claims are ultimately being covered at above 100% of face value is a direct consequence of crypto asset prices surging since the exchange's collapse in late 2022: bankruptcy estate assets were valued at prices from the time of the collapse, while their real market value has since multiplied by the time of distribution. For thousands of customers who lost access to their funds nearly three years ago, this fifth payout round is another step toward closing one of the most infamous collapses in crypto industry history.

This material is for informational purposes only and is not investment advice.