FTX: Important update on payment deadlines for creditors
(An independent analytical report by Reclaim Capital)
The court recently approved FTX Recovery Trust's
The court recently approved FTX Recovery Trust’s request to extend the deadline for filing objections to creditors’ claims. The new date is January 4, 2027, instead of the previous January 3, 2026.
At first glance, the news went unnoticed — many creditors on Twitter did not even pay attention to it. But the consequences are much more serious than they seem.
What this means in practice
The extension gives FTX a full year of additional time to take its time reviewing unresolved claims. This means that for creditors who have not yet received payments, the actual repayment dates are being pushed back again.
Creditors from restricted jurisdictions should pay particular attention to this. For them, the signal is frankly alarming.
Why this is a bad sign
We do not expect a quick resolution in such cases. On the contrary, there is a high risk that these claims will be considered at the very end of the distribution process, and creditors will once again have to endure the old debate:
“Are these claims payable at all?”
Given the position of Recovery Trust, which has repeatedly made it clear that it is in no hurry to recognize such claims, the situation looks unfavorable.
What to do now
We understand that this is exactly what most people did not want to hear. But it is important to look at the situation soberly: creditors now face additional risks and a lost year.
We remain here to support you, whether it is selling your claim or connecting you to payment processing on truly favorable terms.
At this stage, everyone should consider alternatives. If you would like to discuss a working option that suits your situation, we are always available at @reclaimcapital.