FTX will begin an approximately $900 million fifth distribution under its Chapter 11 plan on Friday, July 31, paying holders of allowed Convenience and Non-Convenience claims who met the June 16 record-date and applicable pre-distribution requirements.
According to FTX's fifth-distribution notice, eligible creditors should receive funds from BitGo, Kraken or Payoneer within one to three business days from July 31.
The distribution follows earlier payouts under FTX's bankruptcy proceedings and comes after the June 11 update noting that Payoneer had been added as a payment option, while Nigeria and China continued to be excluded from creditor repayments.
For more details on the fifth distribution and creditor onboarding requirements, see the original report.
