FTX pay day don set for July 31: eligibility on June 16, dem don file reserve cut

FTX Trading Ltd. and FTX Recovery Trust don set di next FTX payout date for July 31, 2026 under di confirmed Chapter 11 plan. Di record date na be June 16, 2026 wey go decide who fit collect as holders of allowed creditor claims and interests. To collect money on di payout date, eligible users must do pre-distribution steps like KYC verification, submit tax forms, and onboard with approved distribution providers: BitGo, Kraken, and Payoneer. FTX still clear say claim transfers go only pay di transferee wey dey on di official claims register as of June 16, and di transfer must don finish di required 21-day notice period without anybody objecting. Preferred equity holders go follow di same July 31 timeline if dem complete KYC, tax documents, ownership certification, and onboarding (use BitGo or Payoneer if dem never get payment as of May 29). NFT customers get separate process: eligible holders fit start di NFT distribution workflow on June 30 through di FTX Customer Portal by opting in, meet pre-distribution requirements, and give valid wallet address. Separately, FTX file amended notice to reduce im disputed claims reserve by $600M (from $2.4B to $1.8B), pending court approval, but dem no talk the final amount dem expect for di next payout date. For crypto traders, dis na mostly bankruptcy-operations news, not token fundamentals. Clearer timing fit small improve creditor confidence, wey normally be neutral to slight supportive sentiment catalyst, not direct price driver.