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Crypto Exchange FTX to Return $1.9 Billion to Clients in September
The bankrupt cryptocurrency exchange FTX plans to repay $1.9 billion in client debts in September 2025.
On August 15, the company’s staff will compile a list of eligible creditors. This list will include traders who, for various reasons, did not receive compensation in previous rounds. Payouts will begin on September 30.
The compensation payments will be distributed by FTX’s appointed service providers: BitGo, Kraken, and Payoneer. Funds will be transferred to individuals who meet the eligibility criteria and whose claims have been approved, the company confirmed.
To receive funds, creditors must register with one of the three platforms, complete identity verification, and submit tax forms as required by FTX.
However, residents of Russia, China, and other countries with restrictions on digital assets may be denied compensation due to legal risks. As a result, Chinese national Weiwei Ji is pursuing legal action in an effort to secure payouts for himself and other affected users.
Earlier this year, FTX made two major repayments:
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In February, it distributed between $6.5 billion and $7.5 billion
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In May, over $5 billion.
In total, the firm aims to return $14.5 billion to creditors — meaning the September payout may be the final one.
See also: "Altcoin Futures Trading Volume on Binance Hits a Peak"
