FTX prepares for third refund: An additional 1.9 billion USD to be disbursed

FTX has just announced the plan for the third refund for creditors after the Delaware court allowed the release of 1.9 billion USD from the dispute reserve fund. This money will be distributed to three groups:

Class 5: Customers who previously deposited on the exchange

Class 6: Unsecured creditors

Convenience Class: Small claims under 50,000 USD

The registration deadline is August 15, 2025. Recipients must complete KYC, tax declaration, and choose one of three payment partners: BitGo, Kraken, or Payoneer. The transfer of funds is expected to start from September 30, 2025.

For transferred reimbursement claims, #FTX requires that transaction information must be updated and there are no objections within 21 days to ensure validity. After the funds are disbursed, FTX is not responsible if users lose access to their accounts.

This is the third refund, after:

Round 1 (February 18, 2025): 1.2 billion USD

Round 2 (May 30, 2025): 5 billion USD

In addition to the rapid disbursement progress, FTX is still entangled in many legal controversies, such as the proposal to exclude users from 49 countries from the compensation list, or the legal dispute worth 1.76 billion USD with #Binance .

Notably, Netflix is producing a series about this historic collapse, promising to reveal many previously undisclosed "dark corners." #anhbacong