FTX Recovery Trust Set to Allocate Further $1.6 Billion to Creditors

The FTX Recovery Trust is gearing up for a third distribution round to creditors, amounting to $1.6 billion, as it continues its efforts to return funds associated with the failed crypto exchange.

Key Takeaways:

• The FTX Recovery Trust plans to distribute $1.6 billion to creditors on September 30, increasing total payouts to $7.8 billion.
• Claims from U.S. customers will receive 40%, while convenience claims are set to receive a 120% reimbursement in this distribution.
• With more than $16 billion in recoverable assets, the management of remaining funds could influence crypto market sentiment and future protections for investors.

The upcoming distribution is set for September 30, with recipients expected to receive their payouts within three business days.

FTX Recovery Trust Details Payout Breakdown in $1.6B Distribution

This round features varying percentages based on the type of claim. U.S. Customer Entitlement Claims will receive 40%, General Unsecured and Digital Asset Loan Claims will get 24%, and Dotcom Customer Claims are allocated a 6% reimbursement.

In contrast, convenience claims will receive a 120% payout in this round.

The trust has previously distributed $6.2 billion across two earlier rounds, with $1.2 billion in February and $5 billion in May—bringing total recoveries to nearly half of the $16.5 billion designated for victims of the exchange’s failure.

The collapse of FTX in November 2022 represented one of the most significant failures in crypto history, triggering a series of events that exacerbated the ongoing market downturn.

The exchange’s former CEO, Sam Bankman-Fried, was found guilty on seven charges, including fraud and money laundering. In March 2024, he received a 25-year prison sentence.

BREAKING:
FTX TO DISTRIBUTE $1.6 BILLION TO CREDITORS ON SEPTEMBER 30.
MORE LIQUIDITY COMING pic.twitter.com/ofNklEObY3

— Ash Crypto (@Ashcryptoreal) September 19, 2025

While the criminal case concluded one phase, legal disputes persist. Bankman-Fried’s legal representatives are anticipated to appeal his conviction this November, citing procedural errors and claiming that FTX was never insolvent.

Creditors and market participants remain vigilant regarding the trust’s actions, as significant inflows of recovered funds could influence market sentiment and liquidity in the near term.

With over $16 billion at stake, the manner in which the remaining funds are returned could affect the reputations of key individuals and the future of protections for crypto investors.

3AC Targets FTX Execs Over $1.5B Liquidation in New Subpoenas

The liquidators of the defunct hedge fund Three Arrows Capital (3AC) have issued subpoenas to former FTX CEO Sam Bankman-Fried, ex-Alameda CEO Caroline Ellison, and FTX executive Ryne Salame.

This action follows accusations that over $1.5 billion in 3AC assets were unlawfully liquidated by entities linked to FTX.

Bankman-Fried’s deposition is set for October 14, 2025, at Terminal Island prison, where he is currently incarcerated.

3AC co-founder Zhu Su alleges that Bankman-Fried conducted unauthorized liquidations that contributed to 3AC’s collapse.

He also claims that Salame utilized insider information to front-run trades and secure over $1 billion in profits prior to FTX’s downfall.

Ellison is expected to be interrogated regarding Alameda’s trading strategies that may have contributed to the alleged wrongdoing.

As reported, FTX and Alameda have also withdrawn approximately 192,000 Solana (SOL) tokens, valued at around $44.9 million, from staking.

This action follows a consistent trend observed over the past year, with the estate redeeming Solana assets on a near-monthly basis.

Since November 2023, FTX and Alameda have unstaked and transferred nearly 9 million SOL, worth $1.2 billion, averaging $134 per token.

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