TLDR:Bankruptcy court approved a $1.9B cut in the FTX disputed claims reserve.Repayments start September 30 for approved users with verified KYC.Claims must be finalized by August 15 to be eligible for distributions.BitGo, Kraken, and Payoneer will handle all outbound customer payments.FTX has confirmed the next wave of repayments is set. Customers and creditors can expect crypto distributions by the end of September. The record date for eligible claims is now officially marked for August 15, 2025. This comes as the bankruptcy court allows a major shift in the exchange’s disputed claims reserve. With more cash unlocked, FTX is preparing for one of its largest distribution rounds yet.FTX Moves Forward After Court Clears $1.9B Reserve CutOn July 23, 2025, the U.S. Bankruptcy Court approved a reduction in FTX’s disputed claims reserve. Nearly $2 billion was cleared, cutting the reserve from $6.5 billion to $4.3 billion. That decision freed up funds for eligible users with approved claims under FTX’s Chapter 11 plan.According to the official update, this change enables the exchange to proceed with the next scheduled distribution. The release targets Class 5 Customer Entitlement Claims, Class 6 General Unsecured Claims, and any allowed Convenience Claims that have not been paid out yet.FTX has scheduled the actual distribution to begin around September 30, 2025. Claimants need to have their claims allowed before the August 15, 2025 record date to qualify. That includes completing Know Your Customer (KYC) verification and submitting required tax documents.FTX today announced that the anticipated record date for the Next Distribution is August 15, 2025. Read more details here: https://t.co/pQ4SUq9XPn— FTX (@FTX_Official) July 23, 2025Distributions will happen through three platforms: BitGo, Kraken, and Payoneer. Each claim holder must be onboarded with one of these providers. If requirements aren’t met, distributions won’t go through.Transferred Claims Face Extra HurdlesFor anyone who bought or sold a claim, timing matters. Only claims processed on the official register of claims by August 15 and not disputed during the 21 days will be included. If you’re the transferee, ensure the claim shows under your name before the deadline.Those who qualify will receive funds directly through their chosen platform. Once FTX sends funds to the provider, it’s up to users to manage their withdrawals or access.The update from FTX comes after months of administrative reviews and legal proceedings. With the disputed reserve now reduced, the exchange moves closer to repaying a wider range of creditors.Users still waiting on payments are urged to finalize their verification process soon. The countdown to September is now officially on. The post FTX Sets September Payout Schedule as Bankruptcy Court Frees $1.9B for Creditor Claims appeared first on Blockonomi.