The Court Agrees To Issue A Reserve Of $ 1.9 Billion, Which Allows The Distribution Of FTX Star-news.press/wp

FTX has obtained the court’s approval to reduce the disputed claims of 1.9 billion dollars, and this step will make large money for the next round of customer and creditor distributions. The reserve, which is approved by the Dilayer bankruptcy, reduces the total claim reserves from $ 6.5 billion to $ 4.3 billion.

FTX determines August 15 registration date, September 30 eyes batches

According to press releaseFTX stated that the date of the following record of qualified demands will be August 15, 2025. The payments for the permitted claims will start on September 30, 2025.

Reducing the reserves wipes the way to get faster and broader batches for customers and creditors. Distributions will be dealt with through BITGO, Kaken and Payoneer, and service providers working with FTX Recovery Trust.

FTX explained that only check -in -law holders will receive distributions. The owners of those demanding must complete the customer verification (KYC) and submit their tax documents to qualify.

As for the transferred claims, the distributions will not be paid unless the new owner is listed in the official claim record before the August record date. The approved reduction from the court was reduced after some claims were resolved or excluded.

This allowed FTX to re -customize pre -reserved assets. Previously, FTX did not reach Solana’s features of $ 31 million, but there was no FTX confirmation regarding the purpose of inverted money.

The company warns against fraud before payments

Meanwhile, FTX has also confirmed that it will never ask users to connect wallets or share special keys. The company has warned customers not to stay alert to photograph emails and fake web sites, which is the FTX customer portal.

Also, once the distributions are sent to the selected provider accounts, customers will be responsible for their own money. Any questions regarding arrival to the account, payment status to BITGO, KAKEN or Payoneer should be asked, depending on the provider of each individual.

In the next wave of payments, thousands of FTX claims may finally start obtaining a portion of their money. As COINGAPE mentioned, the Crypto Exchange backpack recently launched a new platform to allow FTX creditors to sell their debt claims.