FTX Starts $900M Payout: Creditors in 45 Countries Face 6-Month Deadline to Save Claims

FTX has officially commenced a $900 million payout phase, marking a significant milestone in the bankruptcy proceedings. However, this liquidity injection is strictly limited to creditors who met the June 16 requirements and successfully complete onboarding via BitGo, Kraken, or Payoneer by the July 31 deadline.

The stakes are incredibly high for international investors, as those residing in 45 different countries face a looming six-month window to secure their claims. Failure to navigate these complex onboarding processes within the allotted timeframe could result in the permanent loss of assets, making this a high-stakes race for justice in the post-FTX era.

FTX has begun distributing $900 million to eligible creditors, but the process is far from a simple refund. To participate in the July 31 payout cycle, creditors must have cleared all requirements set on June 16 and must be able to onboard through authorized partners, specifically BitGo, Kraken, or Payoneer.

This development carries a heavy warning for the global community: creditors across 45 countries are under a strict six-month countdown. If the necessary integration steps are not finalized within this period, they risk losing their claims entirely, adding a layer of intense urgency to the ongoing FTX liquidation process.