FTX Announces Fifth Distribution of Approximately $900 Million to Creditors on July 31, 2026

FTX Announces Fifth Distribution of Approximately $900 Million to Creditors on July 31, 2026

PR Newswire

WILMINGTON, Del., July 17, 2026

Preferred Shareholder Remission Fund Trust to Issue Second Payment to Eligible Preferred Equity Holders on July 31, 2026WILMINGTON, Del., July 17, 2026 /PRNewswire/ -- FTX Trading Ltd. (d/b/a. FTX.com) and the FTX Recovery Trust (collectively "FTX") today announced that, consistent with FTX's Chapter 11 Plan of Reorganization (the "Plan"), FTX will commence distributions on July 31, 2026 to holders of allowed claims in the Plan's Convenience and Non-Convenience Classes that have completed the pre-distribution requirements by the Record Date of June 16, 2026 (the "Fifth Distribution"). Eligible creditors should expect to receive funds from their selected distribution service provider (a "Distribution Service Provider"), either BitGo, Kraken or Payoneer, within 1 to 3 business days from July 31, 2026. Subsequent record and payment dates will be announced in due course. Additionally, FTX today announced that, consistent with the Plan and Preferred Shareholder Agreement (D.I. 25932), a Second Payment is to be made to eligible Preferred Equity Holders on July 31, 2026 (the "Second Preferred Payment").