FTX has confirmed that its fourth creditor distribution will begin on March 31, 2026, with about $2.2 billion set to be paid out under the estate’s ongoing recovery process. Eligible creditors who have completed all required steps are expected to receive funds within 1 to 3 business days after distribution starts.
The payments will be routed through selected distribution partners, namely BitGo, Kraken, and Payoneer. FTX said users who choose one of these providers are electing to receive their money through that service instead of a direct cash payment from the exchange.
Recovery levels vary by claim class in the fourth round
Under the published plan, Dotcom customer claims, which cover international users, will receive an additional 18%, taking total recovery to 96%. U.S. customer claims are set to receive another 5%, bringing expected recovery to 100%. General unsecured claims and digital asset loan claims are also scheduled to reach 100% recovery.
Convenience claims, generally the smaller claims category, are expected to receive as much as 120% in total distributions. This is the fourth payout announced since the exchange collapsed in 2022. The process is being carried out through the company’s Chapter 11 restructuring, a court-supervised bankruptcy route focused on reorganization rather than immediate shutdown.
Creditors must complete verification and filing steps
To qualify for this round, creditors must complete KYC verification, submit the required tax forms, register through the official claims portal, and select a distribution service provider. Missing any of these steps can slow access to funds. The record date matters.
FTX also warned that users who fail to finish the required process before the record date may face delays in future distributions. At the same time, the recovery team cautioned creditors against fake emails and fraudulent websites posing as the claims portal, adding that the official process will never ask users to connect wallets.
Additional milestones were confirmed, but not all dates were disclosed
Alongside the March 2026 payout, FTX said there are other milestones in the schedule. One upcoming date will act as the cutoff for preferred equity holders, and a later date will be used for sending payments to eligible holders. The source material did not provide the exact calendar dates for those two events.
Those payments are set to be handled through a separate trust structure. FTX’s failure in late 2022 wiped out billions in customer funds and triggered one of the most closely watched crypto bankruptcies. In the recovery phase, courts oversaw the case and the FTX Recovery Trust was formed to manage remaining assets and organize repayments to creditors.