If you had money on FTX when it collapsed in November 2022, you may be entitled to a cash payout — and the 5th distribution has now been paid out as of July 31, 2026.
Here's what's actually happened with FTX repayments in 2026, and exactly what you need to do if you haven't received your funds yet or missed the July 31 distribution.
What Happened to FTX Customer Funds?
FTX filed for Chapter 11 bankruptcy in November 2022. After years of legal proceedings, the FTX Debtors' estate has recovered billions of dollars in assets. In 2024, the bankruptcy court approved a repayment plan that would pay customers back at 100 cents on the dollar for their claims, valued at November 2022 prices.
Distributions began in February 2025. Over $9.7 billion has been paid out across five rounds so far, distributed through BitGo, Kraken, and Payoneer. The 5th distribution of approximately $900 million paid out on July 31, 2026. The 6th distribution is expected around January 2027.
Note on the 100 cents on the dollar figure: Claims are paid at November 2022 USD valuations. If you held Bitcoin or other assets that have since risen significantly in price, you will receive cash equivalent to the 2022 value — not the current market value of those assets.
How to Check If You Have an FTX Claim
- 1Go to the official FTX claims portal at claims.ftx.com
- 2Log in using your original FTX email address
- 3Complete KYC (identity) verification through BitGo — this is required before any funds are released
- 4Check your claim status and scheduled distribution amount
For a more detailed step-by-step guide, see the full FTX claim guide.
Why Some People Haven't Received Payment
There are a few common reasons people are still waiting:
- KYC not completed: BitGo requires identity verification before releasing funds. If you didn't complete this step, your distribution is on hold — this is the most common issue.
- Claim not filed: If you never submitted a proof of claim before the original deadline, you may need to file a late claim through the bankruptcy court.
- Old email address: If you no longer have access to your FTX account email, the process to recover your account is more complex but still possible through the claims portal.
- Small balance: Claims under $10 may have been processed differently — check the portal regardless.
Check your FTX claim status
Full step-by-step guide with portal links, KYC walkthrough, and what to do if you've lost access to your FTX email.
FTX Claim Guide →Beware of FTX Scams
The only legitimate portals are claims.ftx.com and restructuring.ra.kroll.com/FTX. There are numerous scam sites impersonating FTX's claims process. Never connect your wallet or enter a seed phrase on any site claiming to help you recover FTX funds — connecting your wallet to any site other than the official portals will result in immediate, irreversible theft of all your crypto assets. If you encounter a site asking you to "verify" your wallet or enter your seed phrase to claim FTX funds, it is a scam.
Frequently Asked Questions
Will FTX creditors get 100% of their money back?
Yes — FTX's bankruptcy estate has confirmed that creditors will receive 100% of their allowed claim value, plus post-petition interest at a rate of 9% per annum. This is an extraordinary outcome in crypto bankruptcy history. The recoveries are paid in US dollars, not in crypto, at prices calculated as of the petition date (November 2022). If your crypto has risen in value since then, you will not receive the upside — only the dollar value at the time of bankruptcy.
What is the distribution schedule for 2026?
The fifth distribution, covering approximately $900 million, was paid to eligible creditors beginning in mid-2026 to creditors who had completed KYC verification and met the June 16, 2026 record date. FTX's estate continues to liquidate remaining assets, including ongoing litigation recoveries from affiliated entities. Further distributions are expected as additional recoveries are finalised. Check claims.ftx.com for your specific distribution schedule.
Can I still claim if I missed the July 31, 2026 deadline?
The July 31, 2026 deadline was the final date to complete the opt-out of the third-party release and submit certain election forms. If you had already filed a claim before the original 2023 deadline, your claim remains valid — the July 31 date was about additional elections, not the original claim itself. If you never filed a proof of claim at all, you may still be able to file a late claim through the bankruptcy court, though late claims are subject to court approval and typically receive distributions only after timely claimants are paid in full.
What if I lost access to my FTX account email?
You can still recover your claim. Go to claims.ftx.com and use the "lost email access" recovery process, which requires you to verify your identity through BitGo using a government-issued ID. The process can take several weeks. You should also contact the claims administrator at kroll.com/en/services/restructuring/ftx for assistance. Do not use any third-party service that charges a fee to "recover" your FTX email access — these are scams.
Is there a tax liability on FTX bankruptcy distributions?
Potentially, yes. The IRS has issued guidance indicating that some bankruptcy distributions may be treated as taxable income, particularly the post-petition interest component. Tax treatment depends on your individual circumstances, whether you previously claimed a loss on your original FTX holdings, and what jurisdiction you are in. You should consult a tax professional familiar with crypto bankruptcy before filing your tax return for the year you receive a distribution.