FTX’s fifth round of distributions to be issued on July 31, totaling approximately 900 million USD, with creditors from 45 jurisdictions still excluded

FTX announced that the fifth round of bankruptcy distributions will start on July 31, distributing approximately $900 million to eligible creditors. Only creditors holding 5A, 5B, 6A, 6B, and 7th category claims who completed claim confirmation, KYC verification, tax form submission, and sanctions screening before the June 16 deadline and successfully onboarded to BitGo, qualified exchange, or Payoneer are eligible to receive the distribution. Funds will arrive within one to three working days from July 31.

Currently, creditors in 45 jurisdictions are excluded due to the lack of available payment providers, including China, Russia, Ukraine, Cuba, and Iran. FTX stated that the coverage of service providers may change, but even if access is granted in the future, the July 31 payment will not be retroactive. FTX warns that creditors who fail to complete onboarding within six months from July 31 may lose the right to receive distributions for these claims.

To date, FTX has announced cumulative distribution rates of 105% for categories 5A and 5B, 103% for categories 6A and 6B, and 120% for the 7th category. However, these percentages are based on court-approved claim amounts rather than current market value.