The FTX bankruptcy estate is ramping up distributions. On Wednesday, the trust confirmed that approximately $2.2 billion will be paid to creditors on March 31, marking the fourth payout under the Chapter 11 reorganization plan. Funds are expected to arrive within 1–3 business days via BitGo, Kraken, or Payoneer. All distributions are in U.S. dollars to designated service providers, who then offer options for fiat withdrawal or crypto conversion.
Recovery Rates: From 96% to 120%
With this round, recovery rates are climbing across multiple claim classes. According to the trust: Class 5A Dotcom creditors receive an additional 18%, bringing total recovery to 96%; U.S. customer claims in Class 5B hit 100% with a 15% increment; Classes 6A and 6B also reach 100%; and Class 7 sees a cumulative 120% distribution — meaning some creditors recover more than their original claim face value.
Preferred Equity Holders: Record Date April 30
The trust set April 30 as the record date for first payments to preferred equity holders, with disbursements scheduled for May 29. Eligible holders must complete ownership certification, KYC verification, and tax documentation. FTX began outreach to these holders earlier this year and urged anyone not yet contacted to come forward. Further distribution timelines will be announced later.
The previous distribution occurred on September 30, 2025, totaling $1.6 billion. Combined with earlier rounds, FTX has now returned over $6 billion to creditors since its collapse in November 2022. Founder Sam Bankman-Fried is serving a 25-year sentence after being convicted on seven counts of fraud and conspiracy.
The trust noted that customers who opted for distribution through designated platforms waive direct cash payment rights and must work with those platforms to access funds. The latest payout pushes recovery levels higher, signaling that the multi-year bankruptcy process is entering its final phase.