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FTX to distribute $1.6B to creditors on September 30

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Bankrupt crypto exchange begins major repayment phase, signaling potential liquidity boost for digital assets.

FTX to distribute $1.6B to creditors on September 30
Photo: Dado Ruvic

Key Takeaways

  • FTX will distribute $1.6 billion to creditors on September 30, 2025.
  • This payment is part of ongoing bankruptcy proceedings after FTX's collapse in November 2022.

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FTX, the cryptocurrency exchange that collapsed in November 2022, will distribute $1.6 billion to creditors on September 30.

The payment represents part of ongoing bankruptcy proceedings following FTX’s failure amid fraud allegations against founder Sam Bankman-Fried. The exchange’s collapse left over $8 billion in customer funds initially unaccounted for.

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