The FTX estate's June 16, 2026 record date has passed. If you hadn't completed your KYC, submitted a tax form, and linked a payout provider by then, you will not receive the July 31, 2026 distribution of approximately $600 million.
But that does not mean your money is gone. Here's an honest breakdown of what "missing the record date" actually means, and what steps you should take right now.
First: Understand Which Deadline You Missed
There are different types of deadlines in the FTX bankruptcy, and they have very different consequences.
The original proof-of-claim deadline was September 29, 2023. If you never submitted a claim to the Kroll portal at all, the path to recovery is very difficult. You would need to petition the US Bankruptcy Court for a late filing, which requires showing cause. This is a legal process that typically requires an attorney. The FTX estate has been strict about late claims.
This is the most common situation. Your claim remains valid — you just won't receive the July 31, 2026 payout. You are still in the system and will be eligible for future distribution rounds once you complete the remaining requirements. Act now to get set up before the next round.
If your KYC is complete, your payout provider is linked, and your tax form is on file — you were already captured by the June 16 record date. The distribution will come to you automatically on or after July 31. Check your payout provider account around that date.
You Missed the June 16 Date — What Happens Next?
The FTX estate has made multiple distributions since payouts began in early 2025. Missing one round does not forfeit your claim permanently. The estate still holds billions in assets that will continue to be distributed as disputes are resolved and remaining funds are wound down.
The important thing to understand is this: the July 31 payment is not the last one. The estate still holds a disputed claims reserve of approximately $1.8 billion after this round. As those disputes get resolved, additional funds will become available for distribution.
What to Do Right Now
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1
Log into the Kroll portal at claims.ftx.com and check your claim status. If it shows "Allowed," your claim is valid and you just need to complete the setup steps for the next round.
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2
Register with a payout provider if you haven't already. You need an account with BitGo, Kraken, or Payoneer to receive any future distribution. The sooner you register and complete KYC, the sooner you are positioned for the next round.
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3
Complete your KYC verification fully. This means uploading a government-issued ID and passing the identity check on your chosen payout provider. A pending or incomplete KYC will block future distributions just as it blocked this one.
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Submit your tax form through the Kroll portal. US creditors need a W-9; non-US creditors need a W-8BEN. This is required by the estate before any funds can be released to you. Check the Kroll portal to confirm this is on file.
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Monitor the FTX estate's announcements for the next record date. Record dates are typically announced several weeks before the distribution. Follow FTX's official updates at ftx.com or through the Kroll portal notifications.
Which Payout Provider Should You Choose?
The three approved providers each have different requirements and geographic availability:
BitGo
A crypto custody platform best suited for creditors comfortable with digital assets. Supports most major countries. Requires standard crypto exchange KYC. Distributes in USD stablecoins or direct bank transfer depending on your setup.
Kraken
A major crypto exchange. Good option if you already have a Kraken account. Not available in all jurisdictions — check Kraken's supported countries list before registering. Requires full exchange KYC including selfie verification.
Payoneer
A payment platform widely used for international transfers. Generally the best option for creditors in countries not covered by BitGo or Kraken. Distributes in USD directly to a linked bank account. Requires standard identity verification.
Note: Some jurisdictions remain restricted from receiving FTX distributions. The estate withdrew its broad restriction motion in late 2025, making most countries eligible, but China, Egypt, Russia, and a handful of others may still be subject to restrictions. Check the Kroll portal for the current list of restricted jurisdictions.
What About Transferring Your Claim?
Some creditors who want to receive value now rather than wait for future distributions choose to sell their FTX claim to a third-party claim buyer. The claim buyer pays you an upfront amount (typically at a discount to face value) and takes over the claim in the estate.
This is a legitimate option but comes with trade-offs. Claim prices fluctuate, and you may receive significantly less than the eventual full distribution value. If you're considering selling your claim, consult a financial or legal professional before proceeding, and only deal with reputable, verifiable claim trading firms.
If You Never Filed a Claim at All
The situation is more difficult if you never submitted a proof of claim before the September 2023 deadline. The FTX estate generally does not accept new claims after that date without a court order. However, there are a few limited exceptions:
- Creditors who were not aware of the bankruptcy and had no reasonable way to know (this is a high bar)
- Creditors whose claims arose after the original deadline (uncommon)
- Creditors in certain jurisdictions who were initially excluded and are now being re-included
If you believe you have grounds for a late claim, consult a bankruptcy attorney. The Kroll portal is not the right place to initiate a late claim — that requires a court filing.
The Bottom Line
Missing the June 16 record date is frustrating, but it is not the end. The FTX estate will continue distributing assets as the bankruptcy winds down. Your priority right now is to get fully set up — claim verified, payout provider linked, KYC complete, and tax form submitted — so that you are ready for the next distribution record date when it is announced.
Understand Your FTX Claim Options
Full walkthrough of all three payout providers, KYC requirements, and restricted jurisdictions.
FTX Claim Guide →