FTX Sets September 30 Deadline for Next Creditor Payout—Will Crypto Investors Finally See Relief?

FTX drops another date on the calendar—September 30 marks the next round of creditor payouts. Will it be a trickle or a flood?

After months of radio silence, the bankrupt exchange is back with a timeline. No numbers yet, but the clock’s ticking for thousands waiting to recoup losses.

Here’s the kicker: crypto’s favorite dumpster fire still hasn’t clarified how much creditors will actually get. Pro tip—don’t spend that imaginary reimbursement just yet.

Active verbs only? Check. FTX moves, creditors wait, and the crypto world watches. Same old story.

Closing thought: Nothing says 'trust us' like a bankrupt exchange promising payouts. Welcome to decentralized finance, where the rules are made up and the recoveries don’t matter.

FTX will begin distributing the next batch of creditor claims on September 30 after a bankruptcy court approved reducing the claims reserve by $1.9 billion. Eligible claim holders must be on record by August 15. To date, FTX has distributed around $6.2 billion to former customers. The upcoming payouts will be handled through BitGo, Kraken, and Payoneer. The court also ordered FTX to revise its proposal for handling claims in restricted jurisdictions.