FTX, the fallen crypto exchange once valued in the billions, is set to begin its next round of creditor repayments on September 30, 2025. The announcement follows a decision by the U.S. bankruptcy court to approve FTX’s updated redistribution plan.
The exchange has already repaid approximately $6.2 billion, marking a significant milestone in the bankruptcy proceedings. This next round of repayments will further return funds to users and investors impacted by the platform’s dramatic collapse in late 2022.
At its peak, FTX was a major player in the global digital asset space, until a 2022 investigative report exposed internal mismanagement and financial inconsistencies. The fallout led to the collapse of the company and the arrest of founder Sam Bankman-Fried, who was later convicted of seven counts of fraud and conspiracy in 2023. He is currently serving a 25-year prison sentence, though reports suggest the term could be shortened due to good behavior.
FTX’s latest court-approved plan includes a reduction of its disputed claim reserve, down from $6.5 billion to $4.3 billion, paving the way for more streamlined and equitable repayments.
Repayments will be processed through trusted financial partners including BitGo, Kraken, and Payoneer, providing a transparent and secure mechanism for former customers to retrieve lost assets.
While the collapse of FTX remains one of the largest scandals in crypto history, the ongoing repayments are a step toward restoring some trust and offering closure to creditors around the world.
