Preferred Shareholder Remission Fund Trust to Issue Second Payment 
to Eligible Preferred Equity Holders on July 31, 2026

WILMINGTON, Del., July 17, 2026 /PRNewswire/ -- FTX Trading Ltd. (d/b/a. FTX.com) and the FTX Recovery Trust (collectively "FTX") today announced that, consistent with FTX's Chapter 11 Plan of Reorganization (the "Plan"), FTX will commence distributions on July 31, 2026 to holders of allowed claims in the Plan's Convenience and Non-Convenience Classes that have completed the pre-distribution requirements by the Record Date of June 16, 2026 (the "Fifth Distribution"). Eligible creditors should expect to receive funds from their selected distribution service provider (a "Distribution Service Provider"), either BitGo, Kraken or Payoneer, within 1 to 3 business days from July 31, 2026. Subsequent record and payment dates will be announced in due course. Additionally, FTX today announced that, consistent with the Plan and Preferred Shareholder Agreement (D.I. 25932), a Second Payment is to be made to eligible Preferred Equity Holders on July 31, 2026 (the "Second Preferred Payment").

In the Fifth Distribution, in accordance with the waterfall priorities set forth in the Plan:¹

• Allowed Class 5A Dotcom Customer Entitlement Claims will receive an incremental 9% distribution (105% cumulative distribution to date);
• Allowed Class 5B U.S. Customer Entitlement Claims will receive a 5% distribution (105% cumulative distribution to date);
• Allowed Classes 6A General Unsecured Claims and 6B Digital Asset Loan Claims will each receive a 3% distribution (103% cumulative distribution to date); and
• Allowed Class 7 Convenience Claims will receive a cumulative 120% distribution.

Customers should be aware that by onboarding with a Distribution Service Provider, they have irrevocably elected to forego their right to receive cash distributions from FTX and have instead directed FTX to pay, directly to such Distribution Service Provider, any distributions to which they otherwise would be entitled to under the Plan. If customers have any questions related to the availability of the funds in their account with their selected Distribution Service Provider, they should contact customer support at their Distribution Service Provider directly.

To be eligible to receive a distribution on subsequent distribution dates, customers and other creditors must complete the following prior to their distribution record date:

• Login to the FTX Customer Portal (https://claims.ftx.com) (applicable to customers).
• Complete required Know Your Customer ("KYC") verification.
• Submit the required tax forms.
• Onboard with either BitGo, Kraken or Payoneer, FTX's Distribution Service Providers. FTX will provide instructions for onboarding with each of the Distribution Service Providers on the existing FTX Customer Portal.

For transferred claims, distributions will only be made to the transferee holder of an allowed claim that is processed and reflected on the official register of claims maintained by the Notice and Claims Agent as of future record dates, where the 21-day notice period has lapsed without objection. For more information, please visit: https://support.ftx.com/hc/en-us/sections/33189504164628-Distributions. 

Preferred Equity Holder Payments

In accordance with the Preferred Shareholder Agreement and the Plan, the Second Preferred Payment will be made on July 31, 2026 from the Preferred Shareholder Remission Fund Trust ("PSRFT") to Preferred Equity Holders eligible as of the June 16, 2026 Preferred Record Date. To be eligible to receive a payment on a subsequent payment date, Preferred Equity Holders must complete the following prior to the next payment Record Date:

• Provide an executed ownership certification attesting to Preferred Equity Interests held;
• Complete required KYC verification;
• Submit required tax forms; and
• Onboard with BitGo (institutions) or Payoneer (individuals) and sign the accompanying consent form.

$18 million is to be paid to eligible Preferred Equity Holders on July 31, 2026, bringing total payments from the PSRFT to $95 million.

Outreach to Preferred Equity Holders began in January 2026. If you believe you are entitled to a future payment on account of Preferred Equity Interests and have not received an outreach to date, please visit the following link.

Phishing Advisory

Please remain aware of phishing emails that may look like they are from FTX and scam sites from channels that may appear to look like the FTX Customer Portal (https://claims.ftx.com). This is another reminder that FTX will never ask you to connect your wallets.

Additional Information

U.S. Bankruptcy Court filings, including the Plan and other documents related to the Court proceedings, are available at https://cases.ra.kroll.com/FTX/.

FTX Digital Markets Ltd. ("FTX DM") will be separately communicating distribution information for customers who have elected to have their claims administered by FTX DM.

Advisors

FTX is represented by Sullivan & Cromwell LLP as legal counsel and assisted by Alvarez & Marsal North America, LLC as financial advisor, Quinn Emanuel Urquhart & Sullivan, LLP as special counsel and Landis Rath & Cobb LLP as Delaware counsel.

¹ Actual distribution percentages may differ slightly due to rounding of the figures referenced above. Additional details regarding the amounts distributed by Class will be filed on the docket shortly after July 31, 2026.

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SOURCE FTX