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FTX Asks for One More Year to Review Claims: What the 2028 Deadline Means for You

Key facts

  • The request. On 5 November 2026 the FTX Recovery Trust asked the court to extend the deadline for objecting to claims by 12 months, from 4 January 2027 to 4 January 2028. The same applies to administrative claims.
  • The dates. Objections to the request are due by 12 November 2026, 4:00 p.m. ET. The court hearing is on 19 November 2026 at 1:00 p.m. ET.
  • What is left. About 13,800 claims, asserting almost $25 billion, are still under review: nearly 12,800 customer claims; over 950 non-customer claims; about 110 administrative claims (over $14 million).
  • Progress. At the start there were more than 682,000 claims asserting more than $447 billion, so about 98% of claims by number have been dealt with.
  • Since the last extension (November 2025) the Trust has resolved about 11,500 more claims; filed six more omnibus objections (204 in total); paid about $3.1 billion to holders of allowed claims in two rounds.
  • Allowed claims are not affected. The request concerns claims still under review; distributions to allowed claims continue.

Facts as of 6 November 2026, from the Trust’s motion (D.I. 36919), earlier orders in the FTX case (Case 22-11068) and FTX’s press releases.

The FTX Recovery Trust wants one more year to check the claims it has not finished reviewing, and to challenge any it believes are invalid or overstated before paying them. For most creditors, nothing changes: if your claim is allowed and you have passed KYC, your payments continue, subject to the distribution requirements. For about 12,800 customers whose claims are still under review, it may mean waiting until 2028. This article explains what the deadline is, who is affected and what to do if your claim is still open.

10 min read
The FTX Recovery Trust asks to move the claims objection deadline from 4 January 2027 to 4 January 2028; about 13,800 of more than 682,000 claims are still under review; court hearing on 19 November 2026.

What is the FTX claims objection deadline?

It is the last date by which the Trust can file an objection to a claim, asking the court to reduce or disallow it.

  • The plan’s rule. Objections to claims must be filed by the claims objection deadline (plan, section 8.1). The original deadline was one year after the plan took effect: 3 January 2026 (section 2.1.32). The court can extend it at the Trust’s request.
  • Administrative claims (costs of running the bankruptcy) have their own objection deadline under section 3.1. Since November 2025 it has been extended together with the main one.
  • This is the second requested extension of the main deadline. In November 2025 the court moved both deadlines to 4 January 2027. It noted then that the Trust had made progress, but “the work is far from complete”.
  • The new request is for 4 January 2028, “without prejudice” to asking for more time again.
DateWhat happenedSource
3 January 2025The plan takes effect; the FTX Recovery Trust takes overD.I. 29127
3 November 2025The Trust asks to extend both objection deadlinesD.I. 33444
24 November 2025The court extends both deadlines to 4 January 2027Order D.I. 33890
5 November 2026The Trust asks for 4 January 2028Motion D.I. 36919
12 November 2026, 4:00 p.m. ETDeadline to object to the requestD.I. 36919
19 November 2026, 1:00 p.m. ETCourt hearingD.I. 36919
4 January 2027Current deadline, if the court does not extend itOrder D.I. 33890
4 January 2028Requested new deadlineD.I. 36919

How many FTX claims are still under review?

At the startNow (motion of 5 November 2026)
Claims, including administrative claimsMore than 682,000About 13,800
Amount assertedMore than $447 billionAlmost $25 billion
  • Of the 13,800: nearly 12,800 customer claims, over 950 non-customer claims and about 110 administrative claims asserting over $14 million.
  • The Trust says some of these “will require substantive objections”. They also include “dozens of complex claims” involving billions of dollars, and disputes between creditors.
  • The $25 billion is what claimants assert, not what the Trust expects to pay. For comparison, the reserve held back for disputed claims was about $1.8 billion after June 2026 (see below).

What the extension means for you

Your claimWhat the extension meansWhat to do
Allowed, KYC passed, being paidNothing changes. Distributions continueKeep Step 7 (tax form) and Step 8 (distribution provider) up to date. Step 8 for the July 2026 round is due by about 31 January 2027
Still under review, no objection filedIf granted, the Trust can still object until 4 January 2028; this is not a deadline to resolve your claimCheck the status, keep your contact details current with Kroll and gather your documents
On an omnibus objectionA separate process with its own response deadline and hearingRespond in writing by the deadline in the notice
Expunged, for example for KYCNot affectedSee our guide to expunged and forfeited claims
Administrative claimThe same requested new deadline would apply if grantedWatch the docket for an objection
Still under review and you don’t want to waitA longer wait is possible, and the Trust can ask for more time againCompare offers: Paxtibi can review such a claim case by case; the offer depends on the documents and the stage of the review

Why holders of allowed claims benefit

  • Fewer invalid claims paid. The Trust argues that without an extension “invalid or unsupported Claims … may be paid, which will unfairly prejudice all stakeholders”. In November 2025 the court agreed that the extension was needed “to maximize value by ensuring that creditor recoveries are not unnecessarily diluted with illegitimate claims”.
  • Reserve money comes back to allowed claims. Money for disputed claims is held back in a Disputed Claims Reserve, so that a claim allowed later can still be paid. As disputed claims are resolved, part of it is released to holders of allowed claims: in 2025 the court approved a cut that released about $1.9 billion for the September 2025 round; in June 2026 it approved a cut of about $0.6 billion, from $2.4 billion to $1.8 billion, for the July 2026 round.
  • Payments continue in the meantime. Since the last extension the Trust paid about $3.1 billion in two rounds. By 30 September 2026 it had paid $11.2 billion on creditor claims in total. See how much customers got back.
  • The next round is a separate question. FTX has not announced a record date for the 6th distribution, and the motion does not mention one. See our estimate and how it is made.

What to do if your FTX claim is still under review

  1. Check the status in the FTX claims portal and on Kroll’s claims register (search by your claim number).
  2. Watch for an objection notice by email and post. It gives a response deadline and a hearing date. If you don’t respond in time, the court can reduce or disallow the claim.
  3. Keep your contact details current with Kroll, so that notices reach you.
  4. Gather your documents: account statements, transaction history and the amount FTX scheduled for you. A response to an objection needs evidence.
  5. Decide whether to wait. If the court grants the request, the Trust can object until 4 January 2028, and it may ask for more time again. Some claims are settled earlier by agreement with the Trust.
  6. Do not pay anyone who promises to speed up the review for a fee. Only the Trust and the court decide.

Check scheduled balances with the FTX claim calculator. For a sale, read how to sell your FTX claim or ask about selling your claim. For the broader process, see the payment update and FTX FAQ.

Can the extension still be stopped?

  • Anyone can object to the request by 12 November 2026, 4:00 p.m. ET. The court hearing is scheduled for 19 November.
  • Last year the court granted the same request and found nothing showing that the Trust had been slow or acted in bad faith.
  • Repeated extensions are common in large cases. The Trust cites, among others, the Cred bankruptcy (six one-year extensions) and GNC’s (eleven extensions over more than five years).
  • We will update this article after the hearing.

Our take

For most FTX creditors this is not bad news. About 98% of claims are done, allowed claims keep being paid, and every disputed claim the Trust cuts can free reserve money for everyone else.

For holders of the roughly 12,800 customer claims still under review, it may mean a longer wait: possibly until 2028, with the Trust asking to preserve its right to seek more time again. If your claim is one of them, check its status now, answer any objection on time, and decide whether waiting suits you.

FAQ

What is the FTX claims objection deadline?

It is the last date by which the FTX Recovery Trust can file an objection asking the court to reduce or disallow a claim. It is currently 4 January 2027. On 5 November 2026 the Trust asked the court to move it to 4 January 2028; the hearing is on 19 November 2026.

Does the extension delay payments on my allowed FTX claim?

No. The request concerns claims that are still under review. Distributions to allowed claims continue: since the last extension in November 2025, the Trust has paid about $3.1 billion in two rounds. The date of the 6th distribution has not been announced.

My FTX claim is still under review. When will it be resolved?

The Trust does not give a timetable for individual claims. If the court grants the request, the Trust can object until 4 January 2028, and it may ask for more time again. Some claims are resolved earlier by agreement.

What happens if the Trust objects to my FTX claim?

You receive a notice with a response deadline and a hearing date. If you do not respond in time, the court can reduce or disallow the claim. Respond in writing with documents that support the amount; for a large claim, consider a lawyer.

Can I sell an FTX claim that is still under review?

It is harder than selling an allowed claim, because a buyer prices in the risk of an objection and the wait. Paxtibi can review such a claim case by case; the offer depends on the documents and the stage of the review.

Sources

Disclaimer: this article is for information only and is not legal, tax or financial advice. Paxtibi buys bankruptcy claims and offers payment processing, so we have a commercial interest in this topic.

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