The FTX Recovery Trust has confirmed July 31, 2026 as the date for its next round of creditor payments. Approximately $600 million will be distributed to eligible creditors — part of the overall $14.5 billion to $16.3 billion total that FTX has assembled to repay customers since the November 2022 collapse.
This guide explains exactly who qualifies, how much creditors can expect to receive, which steps are still required, and what to do if you missed the June 16 record date.
What Is the July 31 Distribution?
The FTX bankruptcy estate — now operating as the FTX Recovery Trust — has been distributing funds to creditors in rounds since early 2025. The July 31 payment is the next scheduled distribution, releasing approximately $600 million that was freed up when the estate reduced its disputed claims reserve from $2.4 billion to $1.8 billion.
Payments are made in US dollars, not cryptocurrency. The amount each creditor receives is based on the USD value of their FTX holdings at the time of the bankruptcy filing in November 2022, plus post-petition interest. Creditors are not compensated based on the current market value of any crypto they held.
Example: If you held 1 Bitcoin on FTX when it collapsed and Bitcoin was worth $16,000 at the time, your approved claim value is $16,000. Your distribution is calculated from that figure — not from whatever Bitcoin is worth today.
The Record Date Has Already Passed — Here Is What That Means
Important: The eligibility record date for the July 31 distribution was June 16, 2026. If you had not completed your full setup by that date — including KYC, tax form, and payout provider onboarding — you will not receive a payment on July 31.
If you missed the June 16 record date, your claim remains valid. Completing your setup now ensures you are eligible for every future distribution round. The FTX estate has more distributions planned, and the process is still ongoing.
If you are unsure whether you completed all steps by June 16, you can check your FTX claim status here. Log into the Kroll claims portal (claims.ftx.com) to see whether your claim is marked as "Allowed" and whether your payout provider is connected.
The Three Steps Every Creditor Must Complete
To receive any FTX distribution — now or in future rounds — creditors must complete all three of the following. Missing even one step means your payment cannot be processed.
KYC Identity Verification
Confirm your identity through your chosen distribution platform. This is required to comply with financial regulations. If your KYC is pending or rejected, your claim is on hold regardless of its approved status. Log into your payout provider and check that your identity verification is fully approved — not just submitted.
Tax Form Submission
Submit the required tax documentation through the Kroll portal. US creditors submit a W-9; international creditors submit a W-8BEN. Failure to submit a valid and accepted tax form means your payment cannot be processed under US tax regulations. Check your Kroll portal account to confirm a tax form is on file and accepted.
Payout Provider Onboarding
Register with one of the three official FTX distribution service providers and complete their full onboarding process. You must choose one provider and have an active, approved account. Selecting a provider but not completing their onboarding is not sufficient.
The Three Approved Payout Providers
The FTX estate currently works with three approved distribution service providers. Creditors must choose one and complete that provider's onboarding process:
How Much Will Creditors Receive?
The FTX reorganisation plan is highly favourable by the standards of major bankruptcy cases. Approximately 98% of creditors are expected to receive 100% of their allowed claim value, plus post-petition interest.
The total distribution pool of $14.5 billion to $16.3 billion was assembled by the FTX restructuring team through a combination of asset liquidations, legal recoveries, clawback litigation against related parties, and proceeds from the sale of FTX's international subsidiaries and venture investments.
Previous distribution rounds since early 2025 have already paid out over $9 billion to verified FTX creditors. The July 31 round adds approximately $600 million to that total.
Distributions are paid in USD at November 2022 claim values plus interest — not in cryptocurrency. You do not need a crypto wallet to receive your FTX distribution.
What If You Missed the June 16 Deadline?
If you missed the June 16 record date and will not receive the July 31 payment, you still have options:
- Complete your setup now — finishing KYC, tax forms, and provider onboarding immediately positions you for all subsequent distribution rounds
- Check your claim status on the Kroll portal to confirm your claim is "Allowed" and understand what steps are still outstanding
- Contact Kroll directly through the claims portal if your claim status is unclear or you believe there has been an error
- Read our dedicated guide — what to do if you missed the FTX deadline
What Actually Happens on July 31?
On July 31, the FTX estate initiates transfers to the three approved payout providers — BitGo, Kraken, and Payoneer. Each provider then credits the individual accounts of eligible creditors on their platform.
The credit may not appear in your individual account on exactly July 31. Depending on your provider and account type, it can take a few business days after the estate releases funds for the credit to appear in your account. This is normal and does not indicate a problem.
Note: Distributions are not announced with automatic notifications. You should log directly into your payout provider account around July 31 to check for a credited amount. Do not rely solely on email notifications, as some providers send them and some do not.
How to Check Your Current Claim Status
The most important step you can take right now is to verify that all three setup steps are complete in your account. Here is how:
- Go to claims.ftx.com and log in to the Kroll Distribution Portal
- Confirm your claim shows as "Allowed" — not "Disputed," "Pending," or unverified
- Confirm a valid tax form is on file (W-9 or W-8BEN)
- Log into your chosen payout provider (BitGo, Kraken, or Payoneer) and confirm your KYC is fully approved and your account is active
If you need help understanding your claim status or which steps may still be outstanding, our FTX Claim Guide covers the full process for each payout provider.
Check Your FTX Claim Status
Not sure if your claim is set up correctly? Our free guide walks through everything — claim verification, payout providers, and what to do if your status is unclear.
Go to FTX Claim Guide →Scam Warning: Use Official Channels Only
Phishing attacks targeting FTX creditors have been widespread since the bankruptcy. Do not click links from emails, Telegram messages, WhatsApp groups, or social media posts claiming to be from FTX, Kroll, BitGo, or Kraken about your distribution.
- Always navigate directly to claims.ftx.com by typing the address yourself
- The FTX estate will never ask for your private key, seed phrase, or password
- Official FTX estate updates are published at ftx.com and through court filings
- If you receive a message asking you to "claim your FTX funds" by clicking a link, it is a scam