**FTX Creditor Representative Updates on Payouts and Bankruptcy Developments**
Sunil Kavuri, the creditor representative for the bankrupt crypto exchange FTX, announced that the exchange has completed three payout rounds totaling approximately $7.1 billion. The bankruptcy estate of the now-defunct exchange, which collapsed in November 2022, has taken nearly three years to reach this stage.
### Next Distribution Scheduled for January 2026
In his latest update on X, Kavuri detailed previous distributions:
– On February 18, FTX distributed $454 million to claims under $50,000.
– A much larger payout of $5 billion followed on May 30, covering both claims under and over $50,000.
– The third tranche, amounting to $1.6 billion, was paid out on September 30 across both claim categories.
Kavuri estimates the total FTX assets to be around $16-17 billion. The next distribution round is currently expected in January 2026, pending confirmation of a record date in December.
### Withdrawal of Motion to Limit International Payouts
This update comes shortly after the FTX Recovery Trust withdrew its motion to restrict payouts to creditors in nearly 50 foreign jurisdictions, including China, Saudi Arabia, Russia, and Ukraine. The motion—originally filed in July—aimed to pause distributions in countries with unclear or restrictive crypto regulations but faced intense backlash from affected creditors.
### Continuing Legal and Public Battles
Despite steady fund returns, the political, legal, and reputational battles surrounding FTX have not diminished. Sam Bankman-Fried (SBF), the convicted founder of the exchange who is currently in federal prison, continues to influence public narrative.
### SBF Reemerges in Bankruptcy Discussions
Earlier this month, Bankman-Fried re-entered the bankruptcy conversation by questioning the bankruptcy estate’s motives. He suggested that FTX’s collapse was not due to fraud, misappropriation, or reckless leverage, but rather closer to sabotage or bureaucratic obstruction.
Recent media coverage includes:
– *Convicted FTX Founder Tries to Rewrite History Again: Critics Instantly Tear Him Apart*
– *“FTX Was Never Insolvent:” SBF’s X Account Sparks Chaos From Behind Bars*
– *SBF Claims Biden Administration Targeted Him for Political Donations: Critics Unswayed*
Even this week, SBF responded to a satirical post accusing current CEO John J. Ray III of intentionally maintaining a “perfectly solvent” platform in bankruptcy to generate record professional fees and diminish estate value. SBF appeared to partly endorse this narrative, stating “this is basically what happened,” despite forensic accountants, prosecutors, and bankruptcy experts repeatedly debunking this claim as false and misleading.
### Backlash and Calls for Accountability
SBF’s comments provoked immediate backlash. On-chain investigator ZachXBT directly challenged him to explain an alleged $40 million payment to Chinese authorities that SBF claims was hidden from the public and prosecutors. Meanwhile, venture capitalist Adam Cochran noted that SBF’s ongoing efforts to recast the collapse demonstrate he remains unrepentant and unwilling to accept responsibility for the harm caused to millions of users.
—
As the FTX case continues to unfold, creditors and observers await further developments with cautious optimism and scrutiny.
https://cryptopotato.com/ftx-has-already-distributed-7-1b-next-round-could-hit-early-2026/