$600 million dispute reserve needs to be cut; if the court agrees, more can be released to creditors. This game is interesting.

FTX Official Announcement states that the approved creditors and equity holders will register on June 16th, and the next round of payments will begin on July 31, 2026, with preferred stockholders receiving their payments on the same day. Approved NFT claims will start distribution on June 30th. FTX has submitted a modification notice proposing to reduce the disputed claims reserve by approximately $600 million; funds released after court approval will be used for the next distribution.