The post FTX Announces 3rd Fund Distribution on September 30 Involving $1.6B appeared first on Coinpedia Fintech News
FTX, a defunct cryptocurrency exchange that went under with customers’ funds, has announced the third planned distribution. According to the announcement, FTX will conduct the third distribution of funds on September 30, 2025, which will entail about $1.6 billion.
As such, FTX notified its victims that the funds would reflect in their selected accounts within 1-3 business days from September 30. Notably, FTX will work closely with Bitgo, Kraken, or Payoneer, to facilitate the payments within 1 to 3 business days from September 30.
FTX Victims Get Another Relief
The FTX victims claiming less than $50k will receive 120% of their funds after the upcoming 3rd distribution. The allowed Class 5B U.S. customers will receive up to 40% of the forthcoming distribution, thus increasing their cumulative distribution to 95%.
Meanwhile, FTX victims claiming more than $50k were allocated 6% of the upcoming distribution, thus increasing their cumulative distributions to 78%. According to FTX creditor activist Sunil, the FTX victims can expect the Claims portal to update on 22 September 2025.
As such, FTX victims have been urged to complete the required Know Your Customer (KYC) feature. Additionally, the FTX victims are expected to file required tax forms to be eligible for the 3rd distribution.
“For transferred claims, distributions will only be made to the transferee holder of an allowed claim that is processed and reflected on the official register of claims maintained by the Notice and Claims Agent as of future record dates, where the 21-day notice period has lapsed without objection,” the announcement reads.
Ahead of the planned 3rd FTX distribution, the creditors have been urged to remain vigilant of potential scams. Furthermore, the FTX creditors may receive phishing emails, which may only cause more damage to the financially drained individuals.
