FTX announced the "record date", actual distribution date, and the amount to be distributed this time. This amount is quite huge – there will be $2 billion to be distributed. Record date: August 15, 2025 Release date: Expected September 30, 2025 What do these dates represent? The base date is August 15 Before this date, FTX creditors must complete all "pre-distribution requirements" or they will not be able to receive their payments on the payment date. Pre-issuance requirements generally include: Complete KYC verification The claim must be allowed to be claimed – this is the most important threshold Complete the launch/binding on the distribution platform Submit tax forms As long as the above conditions are met by August 15, the grant will be received on September 30. Who will receive the money? FTX customers with claims exceeding $50,000 The last time (May 30) was received about 72%, and this round will be reissued. Claims that were previously unapproved due to disputes but amounted to less than $50,000 These claims have now been approved and are also paid. Non-client claims (Class 6, generally unsecured claims) will also receive partial distribution. Where does $2 billion come from? Before the release, FTX set aside $6.5 billion in disputed reserves to pay for disputed claims. The official previous estimate of approved claims was about $3.1 billion; Therefore, the reserve is higher than estimated. The funds were released with the approval of the $800 million disputed claim. After deducting the portion already paid to small creditors on May 30, the remaining about $2 billion will be disbursed in this round. After the release, the dispute reserve balance is about $45-4.6 billion. Frequently Asked Questions My claim was marked as disputed, will I get it now? As long as you show "Allowed" and complete KYC and other steps before August 15th, you can receive it. The claims portal usually doesn't update information until about 10 days before the release date, so it's normal to not see any changes for the time being. Who may still not receive it? Creditors affected by restricted jurisdictions. There are currently about US$470 million in such claims, most of which are located in China. The procedure is still going through the legal opinion and review process, and the time is tight, and I am afraid that it will not be able to catch up with the base date of August 15.