- FTX will distribute funds to approved claim holders on April 11 2025 through BitGo and Kraken.
- Customers must complete KYC verification and tax forms to receive their payments without delays.
- The next distribution round is set for May 30 2025 and only finalized claims will be processed.
FTX Trading Limited and the FTX Recovery Trust have confirmed the next distribution date for approved claims. The next round of payments will take place on April 11, 2025. This distribution will cover Class 5 Customer Entitlement Claims, Class 6 General Unsecured Claims, and newly approved Convenience Claims.
The announcement follows the initial payments made to holders of claims under $50,000. The first phase of distributions totals to approximately $1.2 billion. FTX has partnered with BitGo and Kraken to facilitate these payments. These platforms are the designated Distribution Service Providers. Analysts suggest that these payouts may impact Bitcoin prices.
Process and Requirements for Customers
FTX has outlined the requirements for claim holders to receive their payments. Customers must complete Know Your Customer (KYC) verification, submit necessary tax forms, and onboard with either BitGo or Kraken. Only those who meet these conditions will receive their funds.
Payments for the upcoming round are expected to begin on May 30, 2025. Customers who qualify should receive their funds within one to three business days. However, incomplete pre-distribution steps will delay payments.
For transferred claims, distributions will only be sent to the recorded transferee holder. The claim must be fully processed and listed in the official register. A 21-day notice period must also pass without objections before funds are released.
FTX Continues Recovery Efforts
FTX has emphasized its commitment to repaying customers and creditors. The company is working to return funds to additional claim classes. While progress has been made, they will continue the recovery process.
Customers with questions about fund availability are advised to contact their chosen Distribution Service Provider. Once payments are processed, claim holders will be responsible for managing their own funds. FTX will continue updating customers on future distributions and any changes to the payment schedule.
