Today’s $1.6B payout is the third round of FTX repayments under its Chapter 11 plan.

There’s still some confusion on whether this is true or if the amount is correct, mainly because back in May 2025, there was a widely reported plan for FTX to distribute over $5 billion in stablecoins to creditors. Supposed to start on May 30, it would represent a substantial liquidity event.

However, the exact amount wasn’t disclosed. More recently, the FTX Recovery Trust confirmed it will distribute $1.6 billion in stablecoins on September 30, 2025, the third major payout since the platform collapsed in 2022, under its Chapter 11 reorganization plan.