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- FTX will distribute $1.6B to verified creditors on Sept 30, slightly below prior estimates.
- SBF’s final appeal in November could keep FTX in the spotlight.
- Payouts may boost altcoin sentiment if funds flow back into crypto.
Creditors of the collapsed FTX exchange are finally seeing some relief. The FTX Recovery Trust announced a $1.6 billion payout as part of its third distribution, set to land on September 30. Eligible claim holders who have completed KYC verification, tax forms, and onboarding with partners such as BitGo, Kraken, or Payoneer will receive their funds within 1–3 business days.
While significant, this payout falls short of the $1.9 billion initially promised, meaning some creditors will still receive less than expected. Still, recovery rates have reached as high as 95% for certain classes, offering meaningful relief for many investors.
SBF Appeals Ahead of Payouts
Amid these distributions, former FTX CEO Sam Bankman-Fried (SBF), sentenced to 25 years earlier this year for wire fraud and money laundering conspiracy, is preparing his final appeal. Slated for November, the appeal will challenge the conviction, with SBF’s attorneys arguing that FTX was never truly insolvent and that the court treated him as guilty from the outset. This legal move will likely keep FTX in the headlines, even as creditors start receiving their reimbursements.
Potential Market Impact
The $1.6 billion injection of liquidity could have wider effects on the crypto market. Historically, creditor payouts from high-profile bankruptcies have fueled retail optimism, often sparking short-term rallies in altcoins. The current Altcoin Season Index sits at 86, signaling favorable conditions for a potential breakout—if market sentiment turns bullish and a significant portion of these funds flows back into crypto assets.
FTX Creditors will receive an email that
— Sunil (FTX Creditor Champion) (@sunil_trades) September 19, 2025
The Distribution has been sent to Distribution Providers
Includes those previously disputed claims (overstated claims)
The claims portal will update on
22nd Sept 25
Funds will be credited by Distribution providers on ~
30th Sept 25 pic.twitter.com/FIajXTjVMm
Whether this payout will trigger a lasting market surge remains uncertain. Analysts note that the real impact depends on the speed and scale at which creditors reinvest their reimbursements. Even so, the timing couldn’t be better for retail investors eyeing a post-summer rebound.
A Partial Recovery with Potential Ripple Effects
FTX’s third distribution offers partial relief to creditors while keeping the crypto community on edge. Combined with SBF’s looming appeal, these developments could influence both market sentiment and trading activity in the weeks ahead. Investors should watch closely how this $1.6 billion payout interacts with broader market trends.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Gary Gensler’s Missing Texts Spark SEC Transparency Concerns Amid FTX Collapse
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