FTX will begin its fifth creditor distribution on July 31, sending nearly $900 million to eligible claimants under its court-approved recovery plan. Summary FTX will distribute nearly $900 million to eligible creditors beginning July 31 through approved providers. The fifth payout round pushes total creditor distributions to about $10 billion since FTX collapsed. Bankman-Fried faces growing political resistance to clemency after losing his appeal against the fraud conviction. The payment will cover creditors in the Convenience and Non-Convenience Classes who completed required steps before the June 16 record date. A repayment update shared by creditor advocate Sunil Kavuri said eligible users can receive funds through BitGo, Kraken or Payoneer. Payments should arrive within one to three business days after distribution starts. The new round brings total payouts since FTX entered bankruptcy to about $10 billion. FTX will distribute ~ $900m on 31st JulyClaims > $50k: 9% Total = 105%Allowed claims
