Will the FTX Payout Affect Altcoin Markets This Week?
FTX’s bankruptcy estate is set to initiate its third round of repayments on September 30, distributing $1.6 Bn and raising total recoveries to over $8 Bn. It has been almost three years since the exchange’s collapse, which involved $8 Bn in client assets.
The payouts signify progress in resolving Sam Bankman-Fried’s predicament. However, creditors are still split on whether this is sufficient. Additionally, could this lead to more sell-offs in the crypto markets?
“While it’s a positive move, it doesn’t fully reflect the opportunity cost,” remarked one creditor on online forums.
What Are the Recovery Rates for FTX Creditors? Is a Crypto Dump on the Horizon?
This week, recoveries for FTX payouts differ significantly across jurisdictions and classes:
- U.S. clients are expected to recover 95% of their claims in this round.
- International users utilizing the “dotcom” network will attain a recovery rate of 78%.
- Certain government-related claims might even see up to 120% reimbursement under favorable terms.
FTX Claims Portal
The claim portal isn’t updated for the 30th Sept
Currently, it displays the distribution for 30th May
22nd Sept 25: News will happen tomorrow
Claims marked as Disputed on the claims portal may change to Allowed tomorrow pic.twitter.com/svMRjj8SHO
— Sunil (FTX Creditor Advocate) (@sunil_trades) September 21, 2025
Distributions will be facilitated through partners such as Kraken, BitGo, and Payoneer, generally within three business days post-launch. The cutoff of August 15 has already passed, meaning late filers must wait for the next cycle.
A large influx of repayment could potentially induce a wider dump if market pressures persist. The key takeaway is straightforward: traders should prepare for the effects of FTX distributions.
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What Insights Does the FTX Data Provide Regarding Recovery?
Court documents from Delaware indicate that the reserve for disputed claims was reduced from $6.5 Bn to $4.3 Bn, freeing up $1.9 Bn in available volume for immediate distribution.
Decentralized finance Llama statistics estimate the FTX Recovery Trust’s assets to be about $16.5 Bn, with administrators anticipating all claims will be settled by late 2026. By bankruptcy norms, this would stand as one of the most robust recoveries within the crypto space.
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Is This a Victory for Fairness?
Creditors argue that repayments calculated using 2022 prices leave them disadvantaged, with Bitcoin currently more than 200% higher, per CoinGecko. Calls for inflation adjustments or crypto-based payouts have increased over the years, but the trust continues to focus on efficiency and reliability.
The concluding chapter might not unfold until 2026, but with billions already being disbursed, the chances of creditors leaving with their full amounts appear more favorable than what was envisioned in 2022.
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Essential Points
- FTX’s bankruptcy estate will begin its third wave of repayments on September 30, sending out $1.6 Bn and lifting total recoveries above $8 Bn
- Creditors argue repayments at 2022 prices leave them at a wrecked, as Bitcoin has risen more than 200% since then.
The article Will FTX Payout Sell-off Non-BTC crypto Markets This Week? first appeared on 99Bitcoins.
