FTX recovery trust targets July 31 for next round of creditor payments
FTX Recovery Trust has announced plans for the next round of creditor payments, targeting July 31, 2026. The trust will release $600 million from its reserve to facilitate these overdue payments. Eligible creditors must complete necessary pre-distribution procedures before receiving their distributions.
- ▪The anticipated record date for the next distribution is June 16, 2026.
- ▪Payments to eligible Preferred Equity Holders are scheduled for July 31, 2026.
- ▪The claims reserve is proposed to be reduced from $2.4 billion to $1.8 billion to make additional cash available for distributions.
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