FTX to Begin $11.4B Creditor Payouts in May 30, 2025

[Lucius]

~snip~
If we compare his case to CZ’s, both violated anti-money laundering laws, but the key difference is that CZ didn’t steal customer funds, while SBF did. Because of that, this case likely won’t end the same way CZ’s did.

Another important difference is that CZ had enough money to buy his freedom, while SBF clearly did not. In the end, those from the US might regret not asking for twice as much, because I have no doubt that he would pay $10 billion.

~snip~
I don't doubt that he has some hidden wallet with a few million dollars waiting for him if he's released

Maybe, but I somehow doubt he was intelligent enough to do that, because everything he did turned out to be very bad and thoughtless, which ultimately cost him his freedom. However, let's imagine a situation where he gets out of prison one day and decides to access his hidden crypto treasure, and gets caught red-handed again.

It is possible that there are addresses to which cryptocurrencies were transferred that are known to the authorities, but they currently do not have access to them - this does not mean that they will not continue to monitor them in the hope that someone will access them someday.

[CryptSafe]

Is there nobody here on this platform who got affected by this scenario to come up in confirming that they truly have started paying up and that they received their payment? This just looks to me like it is unrealistic because it does not look real, maybe because the internet is not buzzing to the payment; hence it seems as if nothing is happening.

[OgNasty]

Is there nobody here on this platform who got affected by this scenario to come up in confirming that they truly have started paying up and that they received their payment? This just looks to me like it is unrealistic because it does not look real, maybe because the internet is not buzzing to the payment; hence it seems as if nothing is happening.

You’ll quickly learn that a very high % of the members on this site don’t actually own any crypto or participate in the economy at all.

Last news I read on this subject was that they pushed the KYC date back to June 1st, so I would guess that distributions won’t be happening for at least a month after that.

[Qredax]

Reviving this since the thread stopped right before the answer arrived. Five rounds have gone out since:

Feb 2025, $454M to the convenience class
May 2025, around $5B
Sep 2025, $1.6B
Mar 2026, $2.2B
Jul 2026, around $900M

Roughly $10.9B cumulative. rdluffy confirmed receiving his upthread, and he was not an outlier.

Two corrections to the thread while I'm here.

It is not under government control. The FTX Recovery Trust is a private entity created by the plan, run by a court-appointed administrator. No agency holds the money.

And unclaimed amounts do not become government income. They revert to the estate and get redistributed among holders who completed the process. So the $2.5B in unverified claims does not vanish, it enlarges everyone else's share.

The part nobody covers: section 7.8 of the plan puts an obligation on the Trust in return. Where a distribution goes unclaimed, it must make commercially reasonable efforts to notify the holder within three months of the distribution date, by post and by email. Page 65.

Everyone writes about the six-month forfeiture window. Almost nobody mentions the notice you were supposed to get halfway through it.

[OgNasty]

Reviving this since the thread stopped right before the answer arrived. Five rounds have gone out since:

Feb 2025, $454M to the convenience class
May 2025, around $5B
Sep 2025, $1.6B
Mar 2026, $2.2B
Jul 2026, around $900M

Roughly $10.9B cumulative. rdluffy confirmed receiving his upthread, and he was not an outlier.

Two corrections to the thread while I'm here.

It is not under government control. The FTX Recovery Trust is a private entity created by the plan, run by a court-appointed administrator. No agency holds the money.

And unclaimed amounts do not become government income. They revert to the estate and get redistributed among holders who completed the process. So the $2.5B in unverified claims does not vanish, it enlarges everyone else's share.

The part nobody covers: section 7.8 of the plan puts an obligation on the Trust in return. Where a distribution goes unclaimed, it must make commercially reasonable efforts to notify the holder within three months of the distribution date, by post and by email. Page 65.

Everyone writes about the six-month forfeiture window. Almost nobody mentions the notice you were supposed to get halfway through it.

Thanks for the update.  Surprisingly, there isn't much talk about FTX these days.  I'm curious what amounts of their funds people were able to recover.  At one point I read that ETH holders were getting most of their coins back?  This is one Bitcoin disaster I managed to avoid (SBF was clearly a conman), so I didn't get the inside scoop on this one.  Any further details would be appreciated.