FTX will begin distributing roughly $900 million to creditors on July 31 as the collapsed crypto exchange continues repayments under its Chapter 11 reorganization plan.

The payment will mark FTX’s fifth distribution since creditor repayments began in 2025. The bankruptcy estate distributed $2.2 billion in March and has now returned nearly $10 billion to creditors and other claimants.

The latest distribution covers holders of allowed claims in the Convenience and Non Convenience Classes who completed the required steps by the June 16 record date.

Eligible creditors are expected to receive funds through BitGo, Kraken or Payoneer within one to three business days after the distribution begins.

Allowed Class 5A Dotcom Customer Entitlement Claims will receive an additional 9%, bringing cumulative distributions to 105%.

Allowed Class 5B US Customer Entitlement Claims will receive an additional 5%, also bringing cumulative distributions to 105%.

General Unsecured Claims and Digital Asset Loan Claims will each receive another 3%, raising their cumulative distributions to 103%. Convenience Claims will reach a cumulative recovery of 120%.

The Convenience Class generally covers retail customers and smaller creditors, while the Non Convenience Classes include larger or more complex claims.

FTX has sought to provide retail creditor recoveries above the dollar value of their approved claims. However, the process has faced criticism because customer claims were valued based on cryptocurrency prices at the time of the exchange’s collapse in 2022 rather than repaid using the original digital assets.

Customers who selected a distribution provider have directed FTX to send their payments directly to that provider. Creditors seeking to qualify for future distributions must complete identity verification, submit tax forms and onboard with BitGo, Kraken or Payoneer.

FTX will also distribute $18 million to eligible preferred equity holders on July 31, bringing total payments from the Preferred Shareholder Remission Fund Trust to $95 million.

The estate has continued pursuing settlements connected to the exchange’s collapse. In May, law firm Fenwick & West agreed to pay $54 million to resolve claims that it helped enable misconduct at FTX before the company filed for bankruptcy.

FTX warned creditors to remain alert for phishing emails and fraudulent websites impersonating its claims portal, noting that it will never ask customers to connect a crypto wallet.